All Forum Posts by: Joseph Catalano

I fully agree with Metron.  If you use Rent Manager you can actually bill the residents through Rent Manager, which make is much easier.  One great thing about Metron is that I believe it does a reading every 5 minutes, this help with any leak detection issues.

Some banks will mandate that you have you LLC in the state of the loan. I know an excellent attorney who can help you out with any LLC matters.

@Ekaterina Stepanova  thank you  Look forward to it.

Sorry I missed it.  Would love to be involved in the next one. 

Thank you.

Are you buying the contracts on the financed homes or are you buying homes and renting them out.

@Kyle Jefferson I have not read it in any forums or articles.  It a tactic that we have used in past and are using in our couple purchases.

I agree with the post that say cut ties as soon as possible.  Send out notice ASAP.  We had a similar situation and that is how we handled it, after it was done other residents thanked us for doing it becasue they were afraid of the dog but too scared to say anything.

I would never pay off the mortages.  I will continue to refinance and pull money out of the properties and let the tenants continue to pay my mortgage.  Pulling money out is much better way of cashflowing.

My only question is why would you put 30% down even with owner financing.  You can find bank financing and only have to put down 20 or 25 percent, which means you have an extra 5-10 percent more cash not tied up.

Skip last question.  Hope to get there.