All Forum Posts by: Rob Beland

@James W.a "couple properties" sounds like about 10% of monthly rents. You might get down to 6-8% with a large portfolio. 

@Raeshelle C.closings in MA are done with attorneys. 

You should consult an attorney @Derone Patterson

@Derone Pattersonthis site is like a firehose when it comes to advice. Start by including the city/county and state in your post. Landlord/Tenant law is very state specific. Ignore any advice you receive from anybody outside of PA. Best of luck to you. 

good luck @Kent Byron. It sounds like you found a great market to be in. Keep us updated. 

http://www.mass.gov/courts/selfhelp/housing/eviction-landlords.html

Here you go @Zoltan Fagyal and anybody in MA not familiar with the eviction process. Its not that scary...just know the laws.

@Zoltan Fagyalthe 14 day notice for non-payment can be served the day after the rent is due. Rent due on first, if not paid serve on the second. If they are a TAW they have one chance to pay the late rent within 10 days of being served and you must accept the rent and restore the tenancy. If they are late again and you serve them you can proceed with the eviction and accept any rent money for use and occupancy only. Dont let your tenant determine when their rent is due just like your bank wont let you determine when your mortgage is due.

You should start with a local bank or credit union. You will be able to speak directly with the underwriters about your personal situation. Good luck @Chase Bristow.

@Jason Dillardwhy the land trust for personal residence?

I pay about $1200/year @Joel Owens. I sit with my accountant for about 2 hours to go through my taxes and then he e-files. I do my own bookkeeping (handwritten - none of that fancy quickbooks stuff) and I bring him the ledger books for my properties at tax time.