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All Forum Posts by: Scott Mac

Scott Mac has started 60 posts and replied 5069 times.

Hi Chris,

First, they will need food and water while they are in there.

Second, if you have an emergency contact for the resident, call that them and say there are cats in there can they come take care of them until the resident can reclaim them.

Third, (fallback) for Highland Parkhttps://www.nokillnetwork.org/d/New-Jersey/Cattitude

Or they could be yours.

Pets are tenants too, they are in the lease.

But the responsible thing to do (if the resident is not in jail or simply missing) would be to discuss the cat concerns with the residents before the lockout, and to ask them to please make sure the cats are not inside when this happens.  

Scott...

Post: Looking at a multifamily with bedbugs

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Jodi,

You might want to try calling an exterminator who is not on the bill and paying him to meet you there and look it over with you. 

Tell him it has a past history of this type of pest, and you are looking for a current assessment and a quote.

I know if they are there, they can get on your clothes (hide in the seams), and then end up in your car, and then in your own home. Talk to the exterminator about that too.

If they find bedbugs in a unit, they will probably recommend de-bugging every unit with a touching wall, ceiling or floor.

Good Luck!

Hi Marie,

Sell it to a family member, or a group of family members.

That's my thought.

Good Luck!

Post: Contractor Cutting Corners

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Michael,

You could draw up a scope of work to let contractors bid from.

List things as specific as you can and assume what's not specific will be done their way, and that there will be mistakes that need correction.

Such as: 

  • Demo kitchen to include X, contractor to provide dumpster and haul away.
  • Install Kitchen Cabinets - Merillat xxxx-xxx color xxxxx, Contractor to provide (or will be provided at job site)
  • Install kitchen cabinet pulls brand X, model Y  at marked spots on drawers and doors. Contractor to provide (or will be provided at job site)
  • etc...

The more specific you can be the closer they will be able to get it to what you want.

If it's not on the bid they won't do it for the price they quote. So be ready for that.

Also sometimes they find things wrong once they open things up, that will costs extra to fix too.

Good Luck!

Hi John,

Maybe talk to your Attorney about having the utilities put in your name and then turned off, and having an electrician physical cut the electric feed line from the power pole and the home and take the wire.

It may be legal in your area to do this. It's not in all areas.

So talk to an attorney before doing anything like this, you don't want to break any laws or incur any civil or criminal liability. You don't want to cut off electrical service to someone with an iron lung or anything like that.

Good Luck!

Post: Bookkeeping Set-up Help with separate entities

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Bob,

You might want to check with an attorney and see if co-mingling the books for the LLC's will have any effect on the legal protection of the LLC.

Good Luck!

Post: When do you replace the roof ?

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi David,

As far as timing goes, you might want to find out when the cheapest labor season is to replace it.

Then when you decide to do it, you can get the best price.

Just my thoughts on this.

Good Luck!

Post: How would you handle this, Commercial Investors?

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Ben,

3rd shift is typically from Midnight to 8 am.

Probably won't be home until 9 am.

Probably won't be sleeping before 10 am.

Do that unit first thing in the morning.

Good Luck!

Post: Tips for first meet up

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Johnny,

Just be yourself and do your best.

Focus on making one or two new business friends, and bring some business cards.

Ask people what they are up to, and what's "Hot" in the area.

Good Luck!

Post: ​Quickbooks wants $60 per month forever.

Scott MacPosted
  • Austin, TX
  • Posts 5,181
  • Votes 5,220

Hi Alan,

Quickbooks Pro self hosted.

I found it to be a pain to self setup correctly despite what they claim, but once it's done, it's done.

Best to have a CPA set it up (in my opinion), and your CPA might use a different product for taxes, so the tax lines may not need to be set up.

I don't see the benefit of paying a monthly fee for them to host it either.

If you are online with it, what does your CPA say the benefit of online renting vs ownership is?

Just my 2 cents.

Scott...