All Forum Posts by: Michael Nathan
Michael Nathan has started 1 posts and replied 3 times.
Post: Cost Segragation Study

- Investor
- Fair Lawn, NJ
- Posts 3
- Votes 3
hello all
i researched the cos seg issue. i think its too much of a hype. basically it all comes down to accelerated depreciation. eventually you will pay it back as time progresses or when you sell the building. however, the cost seg report is not a cheap one do to. so net - you lose over the long run.
Post: "do not rent" database

- Investor
- Fair Lawn, NJ
- Posts 3
- Votes 3
Friends, good input! truly valid points.
BUT!
how do you vet any info on the internet? and specifically on social media?? tons of articles have been written regarding the liability of Facebook (for example) regarding the info on its website.
if a tenant does not pay rent for months and damages an apartment and leaves thousands of $$ in damages, there HAS to be a way to notify the public. The court is of little help in such situations since if tenant does not provide forwarding address, the court will not process a complaint. as a Landlord i am desperately searching for a way or a method outside of traditional credit bureaus to verify and screen such tenants.
Post: "do not rent" database

- Investor
- Fair Lawn, NJ
- Posts 3
- Votes 3
Friends of the BP,
I would like to ask a simple question. Does anyone know of any database (or website) that allows a landlord to report a "bad tenants", i am not talking about credit agency. just a simple database that allows a landlord to report a tenant that caused damages or did not pay rent?
alternatively, is there a place where a landlord can query a database for such "bad tenants" again not talking about normal credit check or background check.
thanks!!