All Forum Posts by: Jules Aton

Thank you, why? This is for a STR.

I searched and didn't find much so thought I'd ask again. What is your favorite for front entry monitoring? I'd like something fairly inexpensive, reliable and not overly complicated from a tech standpoint. Thanks in advance! 

Welcome and congratulations on your upcoming baby! 

I tend toward HYSA, T-bills, CDs for funds I will need in 2-3 years. Anything longer than that goes into TSM index fund. 

Glad to have you here! 

Congratulations! No to be doom and gloom but as great as this sounds having at least one of you working part-time for extra income, health and retirement benefits would probably go a long way toward sustainability. When you are young you can pivot easily but as you get older with no recent work experience it may be more difficult. 

My crystal ball is cloudy as still can't believe the pandemic didn't result in a significant depression. That said I don't believe the ongoing increase in both RE and stock market can be sustainable. If I had to guess I'd say somewhere between a cooling off and an actual recession. Generally Americans are nimble and recover quickly largely due to the need to spend, spend, spend. My hope is in 3-5 years these times will just be another blip on the graphs. 

Why can't you separate electric? That is going to be problematic for you although utility companies should provide you with the last year's bills if you want to get an idea of costs and pay them yourself in the future. Since this tenant did not put the utilities in their name from the get-go and are paying late I suspect they will continue to be an issue. The trash can etc. are likely diversionary techniques which I would not entertain. My strategy would be to remain firm, professional, operate within the constraints of lease, law and try to get them out asap.  

Giving this a bump. OP, after talking with legal counsel, what are your options? 

Hi and welcome! 

Please take the time to read up on Section 8 here. Also worth checking out this thread on DC which hopefully is a District unique situation.

https://www.biggerpockets.com/forums/899/topics/1237312-tena...

I have personally known one person years back who held over 40 Section 8 properties in an inexpensive part of the city, employed a part-time maintenance crew and did very well but I have also heard many horror stories so do your due diligence.