All Forum Posts by: Daniel Paloscio

If I'm advertising rent at 725 does that include taxes, or does the tenant pay 725 plus tax every month?

@Matt Devincenzo @Aly W. You guys are right, I am at the top of the price range. Rents in this neighborhood go from about 650 up to 785 for the updated units with water included. I will drop the rent to 680 or 690(water not included). Thanks for your advice!

Thanks for your advice @Joel Owens I'm on the Florida statutes website now. Is there a specific section (1-8) of 725 I should be looking at? I am familiar with it, but not following you.

...

I've been trying to rent the front unit of the duplex I recently purchased and live in for about 10 days now, with no luck. Someone wants to move in, but her boyfriend has an eviction on his record from the last year. She has no evictons but has fallen behind on some credit card debt. This was what has been disclosed to me so far. She knows I'll be doing a credit and criminal backround check.

I'm asking $725/month with a $725 security deposit. She has 2 cats and I'm requiring a $250 non-refundable pet fee. I was thinking about telling this possible tenant to pay $725 first/last as well as pet fee and a $725 deposit for a total of $2425 @ move in. Everything I've read advises against renting to someone with an eviction. I thought this situation may be different because one of the tennants has a clean rental history. What do you guys recommend I do in this situation?

Congrats on your deal Josh Thomas !! What REIC's did you join in the area? I'm actually in Largo and am looking to get involved. Can you recommend any good ones?

I just bought my first duplex recently. A 3/1 2/1 block, built in '73. I'm going to live in the 3/1 for the next year or 2. Would it be a wise investment to buy new windows for the property? It has the old roll out windows but none are broken or malfunctioning. In the year I stay there I probably won't save the cost of the windows on the electric bill.

Can a property owned by a land trust or LLC be homesteader in Florida? I have a duplex currently in my name that is also my homestead. Can I transfer this property over to an LLC or land trust and keep the homestead assignment? If so, what would a ballpark figure be on the cost of doing this?