All Forum Posts by: Jessie Tetreault

@Elizabeth GarciaIf they only deal with cash. Have the tenant drop the money in a bank account that you set up. They only need the name of the account and last 4 of the account number to deposit. They give a deposit receipt to the tenant and you can see when the money was deposited on any online banking app. This will make the management of collecting rent easier, forget picking it up in person, and its free.  

What did you purchase your house that you currently own with a VA loan for? You will be surprised what you can buy with the tier 2 VA loan. if you go over the limit you only need to guarantee 25% of it. I am currently using a tier 2 VA loan to purchase a 3 family, I used my first VA loan to buy a 2 family. @James Meador

I use Reliable Property Management out of Garner NC. They manage a 2 family I have down there. @David Carbajal

@Robyn Salawitch

I just have the tenants drop my rent in my bank account. they just put the name, last 4 of the account number, address on a deposit slip  (all of this information I give prior to them moving in) then when they deposit the rent they get a receipt from the teller for the amount they deposited and I just get a notification through the bank app of when it drops and send the tenant a text. works for me. I think all the ideas on this thread are useful. just have to see what works for you.

Interesting thought. I didn't think of that. ill have to dig more into this. @Brooklyn A.

Are you financing this 4 family or buying with cash? If using financing , depending on the type you might have to live there for a year or what ever you talk about with the bank.  @Ikhtiyar Uddin

https://www.kwikset.com/smart-security.aspx

I just looked up what you were talking about and they have locks on this website that you can re key your self with this smart key technology. The electronic locks with the key pads might be pricey  but they have just dead bolts and door knobs with this smart key tech that are not really expensive. @Dana Holland

hmm I'm not sure about that. I would have to look more into it.  I will look around and keep you updated on it. @Dana Holland

@Renee R.

Thank you for sharing that link, thankfully I don't need it right now but seems like a good resource to keep handy. @Mira Gorlovsky good luck and hope everything works out. I'm going to follow this thread, I'm curious to see how it pans out.

Not sure about the difference between 3 and 5 points but at least you know now that you can just go and buy new ones at those prices. I could see getting it re keyed for like really expensive locks but not for like normal dead bolts and door knobs. I've thought about replacing all mine with just key pad ones  so I don't have to play the rekeying game or switch locks out like every time someone leaves, but I'm not sure about the cost or the downsides to this.@Dana Holland