All Forum Posts by: Tami R.
Tami R. has started 30 posts and replied 136 times.
Post: Is a new lease needed? - I'm taking over properties w/ tenants

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
@Anthony Wick.... good point. I just purchased almost 100 doors a month ago and I have a couple tenants calling giving a 30 day to move out and they have warned me the house was bad to begin with. But 1. I need to get into every property and see each unit anyway and then also do a new move in or updated move in as is when we took over.
Today was great I was on the phone with a guy that knows everything about this old apartment bldg I own and I finally asked him how long he lived there... I misunderstood him on the phone I thought he said he lived in the apartment for 4 years.... NOPE 40 Years! I cant wait for him to show me around my building this week. 😀
Post: Purchased 1st Investment Property today at 9-Years-Old!

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
Awesome. We have 10 year old twins and an 8 year old. They started off with pop and candy machines but in the next year I want to do a house with the kids.
Post: Replace carpets - how often?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
I feel like fighting for carpet in court is nonsense and usually the tenant wins. 6 years for carpet is a long time in my rental world.
Lately I am putting laminated wood or ceramic in all my rentals sometimes I will put carpet in a bedroom but never in living room.... too much damage occurs in the living area
Post: How do you deal with tenants paying very low rent?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
We just purchased some smaller apartments and noticing that.
The previous management company had rents like a yo yo.
Here's an example.... my 13 door apartment. Some rents are at $500 but tenants have lived there for 10 plus years and they probably need remodeled and they will probably live there another 10 plus years. I am only doing a small increase too 25 maybe.
Then the other rents were at 600 which is right.... that's where I will keep them or even go a little higher.
Sometimes to me if it's a good tenant not going anywhere in a C neighborhood I'm leaving it especially if I have to do a remodel after they leave. But when they do leave hell yes I'm remodeling it and raising rents
Post: What is the best way to collect rent online?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
I should have started using Cozy years ago... just started last month when I purchased 86 new doors. I agree down side the 5 days but sometimes it would take me 5 days to do a deposit and go to bank.
Post: It's Feeling a Lot Like 2007

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
Good points.
How many of you actually started buying real estate between '08 and '09 for the first time. We got interested in real estate when the market tanked and never looked back. We put more cash into the loans and now we have 200 doors.
I do not want another years like 2007 2008 it hurt so many families but that's what got our real estate career started
Post: Anyone have any roofing questions ?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
@Justin Stanfield. Totally disagree regarding GAF. You are getting one opinion from a guy. We have a roofing company installing 600 to 700 roofs a year. We would only install Owens Corning or Malarkey. Depending on the area of the country some areas are big with duration the north half of the area and the south does not use duration they use oakridge
No matter what we never go over top of shingles for our clients or for any of our 200 rentals.
Post: Tenant wants us to pay moving truck and babysitter fees

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
@Stacey Paulin lol.... true. Just lessons we learn, sometimes we lose money in our lessons.
Post: Rental accounting/bookkeeping - QuickBooks or something else?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
The one LLC with online qb, We have a partner so I set it up so he could see it etc.
Post: Rental accounting/bookkeeping - QuickBooks or something else?

Tami R.Posted
- Clive, IA
- Posts 141
- Votes 89
@Brian McPheeters. We have two accountants and one prefer online and the other desktop version. I think I like the desktop version too, we own a construction company and use the desktop version too.