All Forum Posts by: Jeremy Paschedag

Thank you!

Congrats on the success!  With tax season upon us, I am curious,will your $177k be taxed at like 33%?  Self employment?

Thank you Mike!  I'll have to check those sites out.

Online options would certainly be better than the tenants having to remember what addy to send the checks.

Becky, that's an interesting approach.  And I'm glad that works for you.  I might try it.

But I can say if I was a tenant, I would not agree to it.  That's a whole lot of trust that usually I am not willing to give freely.

That's a good idea!  I didn't realize you could pay an individual from your bank's online bill pay.

I have 2 different companies that own properties.  For my 9-5, I'll be on assignment out of town for 6-18 months.  I'll be coming back home at least twice a month.  My question is how is the best way to collect rent?  I would prefer to not have a property manager if I can avoid it.

I've read about bad experiences with PayPal (investors getting stiffed).  And Dwolla got hit with big fine for unfair practices.  

What other options do I have?

My bank is not where I'll be assigned.  Maybe open 2 more bank accounts at a bank where I'll be assigned and have tenants send checks to where I'll be?  Then I can periodically transfer money to the original bank?

That's awesome!  Glad it worked out for you!

That's a good question.  The crime rate around Broadway is higher than Mardel.  For my liking, the rents seemed to be high on Broadway.

Mardel I think is solid.  It just has dated kitchens.  Some of the tenants are longer term (more than 4 years), so the income seems steady and reliable.  And Mardel has hardwood floors throughout.

@Alex Tillman I can't send you anything because of a prior pending message I sent you.

4957 Mardel Ave, 63109 (4 family) List: $155,900; Income: $2200 (includes units and garage income); one vacant unit. Kitchens are dated. Bathroom in vacant unit needs ceiling work.

3542 S Broadway, 63118 (6 unit; 3 - 1 BR and 3 - 2 BR) List: $285,000; Income: $4090 (if I recall correctly); one vacant unit; lots of space

So everyone knows, I am getting no benefits from this. I'm just sharing with fellow investors. They are properties that I have passed on for one reason or another.