Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Julie Marquez

Julie Marquez has started 83 posts and replied 1318 times.

Post: How to vet your Sub-Contractors...?

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Justin Puetz Do you use any subs or have any employees now?

Hopefully your wife's connections can lead to great recommendation for subs. It's all about the referrals and relationships. Your subs will listen to you, take the time to understand the scope, come up with solutions in a team-like environment, they will respond to you promptly. You will treat them well, not beat them up over price, pay them promptly, not argue about every detail of the scope. Trust also takes time. I work as an estimator for a residential custom homebuilder and it's great how my boss has built his business over the last 25 years.

Post: Non-refundable damage deposits?

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

All my rentals are in MV and the only non-refundable fee we charge is for carpet cleaning. I expect the place to be returned in perfect condition so that we don't need any more fees collected. And if I need to charge for more work to be done or from their damages, I take it out of the refundable deposit. They are given a price list at the beginning so they know my cleaning rates and how much I'll charge for everything when they leave it in poor condition.

Not true - we also charge a large non-refundable move-in fee but it is changed to refundable if they stay 12 months or more. It is because we do month to month agreements only - but that's a different subject.

Regarding pets, I never separate a "pet deposit" from a regular deposit. If there are pets involved I just charge a larger regular deposit. I don't want to fight over whether the damage was from the pet or not, or if they get rid of the pet and want the money back mid-residency. It's just deposit.

Post: Skagit County Real Estate Meetup

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Joshua Top Storvik Park on the next sunny Friday! 

@Sharon Rosendahl Could you make it to Anacortes?

@Grace P. I'll come up with an event and let you know!

Post: Skagit County Real Estate Meetup

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

Hi @Grace P. , I don't have anything planned but we should probably get on going again, the interest is picking up and there is lots to learn from each other in Skagit!

Post: Washington State LLC

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Grace P. We've used lawyer Loren Pirkle to set up LLCs and move rental properties in them for our rentals in Mount Vernon.

Post: Washington state buy and hold in Skagit Valley

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Sam Denny Sounds like a successful deal! What are the sizes of each unit? And I'm glad it's working out with Eric

Post: Financing next property with Live in Duplex Rent / Payment

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Blake King Oh dang, that's too bad. I like Washington Federal in Burlington, but they will have the same requirements. Maybe Savi Bank? They are local and growing in the area

Post: Financing next property with Live in Duplex Rent / Payment

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Blake King I'd try a different bank. I have found BECU to look at things more favorably than other local banks. Everything you are doing is great, you just need to talk to more lenders! Skagit is appreciating so fast lately.

Post: Multi-family First purchase (2-4units)- Seattle VS. Texas

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Kai Van Leuven Skagit IS going crazy right now! It was the last discovered gem and is now getting all the attention

Post: Is Property Management a Good Business?

Julie Marquez
Posted
  • Investor
  • Skagit County, WA
  • Posts 1,333
  • Votes 807

@Manna Sivia I management my own 20 units, and after much work with them, I don't think I want to start a property management company and look after other people's investments. I'm sure I could do well at it, it's just not the type of work I'm ready to do more of