All Forum Posts by: Margarita Reyes

@Michael Noto looking at purchasing 50-70k properties that need rehab in CT and looking for contractors who can provide itemized bids.

Hello, any recommendations for good contractors in the Bristol and Meriden, CT area?

@Kathy Henley thank you so much for this valuable advise!

My husband and I are just purchasing our first rental property - a 2 family home in connecticut. We are inheriting 2 tenants, 1 of whom is on section 8. My husband, who is a realtor, will be managing this property.

- any advise on managing tenants on section 8?

- We are obtaining a residential loan and plan to transfer to our new llc. Any input on this process would also be highly appreciated. We have an accountant and lawyer and are also see Iking guidance. Lender ok with transfer to llc. We have read process requires quit claim after property is registered under personal name, then transfer to llc.

- Leases for both tenants are expiring/already expired and now has automatically converted to month to month lease. Do you recommend going through the entire process of tenant screening, application, background/income/credit score check and new lease signing for 1 year?

- How best to automate monthly rent payments?

Can I use the rental property calculator without paying for pro status? I just tried running numbers on a property and it would not allow me to finish calculations.