All Forum Posts by: Krystal C.
Krystal C. has started 5 posts and replied 14 times.
Post: Looking for Advice on Co-Living Rentals in New York City
- Posts 15
- Votes 3
I have a multi-family in Brooklyn and I'm currently renovating it rent it as co-living space. Does anyone have any experience with co-living - I'm interested in learning more about:
* how to price the rooms? They're very large (300 square feet), furnished with nice decor and I'm considering including monthly cleaning and utilities into the rate. There will also be a coin-operated washer/dryer.
* how to structure the lease? There's many co-living companies out there (ie common, out post club), so I know it can be done?
* how evictions are handled if one roommate doesn't pay their rent? I know there's a moratorium, right now and I will do a very thorough job of screening; but, I'd like to be informed of the process in the unlikely event that there is a problem.
* recommendations of sites to find tenants?
Post: Inherited a property what should I do
- Posts 15
- Votes 3
@Justin Goldsmith Hey! I just sent you a message.
Hi!
I'm looking for portfolio lenders in NYC. Any recommendations? My
properties are held in an LLC and I'm looking to obtain financing.Thanks!
@Alecia Loveless @Shylar Pennings @ANDREW BRUNSON I’m so down for this too. Let me know if you all started one or if you’re still interested and we cab make it happen!!
Post: Renting by the Room in NYC
- Posts 15
- Votes 3
@Lewis Tse Thanks!!!
Post: Renting by the Room in NYC
- Posts 15
- Votes 3
@Alexander Szikla The property is in Brooklyn in the Flatlands/East Flatbush neighborhood.
Post: Renting by the Room in NYC
- Posts 15
- Votes 3
@Alexander Szikla thanks Alex!
I’m interested in renting rooms in New York City. I have a newly renovated private house that’s a duplex, with modern finishes. I’d love to connect with someone with experience in this market to learn more about:
- Best practices for finding the right/appropriate tenants
- Tips for creating roommate agreements
- Process for navigating the eviction process
Thanks!!!
Post: Renting by the Room in NYC
- Posts 15
- Votes 3
I'm interested in learning more about renting rooms in New York City. I have a newly renovated private house with modern finishes and with two floors. I'd love to connect with someone with experience in this market to learn more about:
- best practices for finding the right tenants
- process for navigating the court system if a tenant doesn't pay rent
- finding appropriate tenants (maybe graduate students)
Thanks!
Post: Line of Credit for Property in a Multi-Member LLC
- Posts 15
- Votes 3
Thanks Basit!
Originally posted by @Basit Siddiqi:
@Krystal C.
You may want to reach out to a couple of lenders now to see if they will lend do the LLC.
In general - expect someone in the LLC to personally guarantee the loan/mortgage.
I think lenders will want to see credit worthyness of anyone who is a managing member and/or with above 20% ownership.