All Forum Posts by: Sai T.
Sai T. has started 60 posts and replied 607 times.
Post: When are landlords most likely to change property management?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
When things start going south!
Post: How should I handle rent payments during the COVID-19 pandemic?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Must ask proof and ask for how long they want the adjustment?
If the rent is $1,000 do they want to pay $100 or $500
Post: How should I handle rent payments during the COVID-19 pandemic?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
What’s the reason for adjustment?
Did the tenant submit any proof?
Originally posted by @Ilah Wiggins:
My tenants want to adjust their rent payments. What’s the best way to address this and how long should I permit this?
Post: How should my partner and I split tools once we dissolve LLC?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
It is hard to decide who will take what.
If you and your partner do not agree or difficult to decide who and what.
I would put the price for all the tools and either you buy or she pay the $$$ and take all the tools.
Post: COVID-19: My tenants paid rent
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Originally posted by @Kelly Pierce:
@Anthony Wick Even with all that I was still concerned but one of my tenants is not working
I’m waiting for one tenant’s tent. We have to wait and see next few months. Worse is not about losing rent. LL can not termite the LA nor tenant can be evicted.
Post: COVID-19: My tenants paid rent
- Investor
- West Chester , PA
- Posts 618
- Votes 138
You can do your best but screening is not 100% guaranteed things changes and life changes and people changes.
Originally posted by @Michael Ablan:
@Kelly Pierce - I don't think April is the month we have to worry about. Most people didn't lose their jobs until a couple weeks ago. I think the danger here is the lull between now and the time it takes to process unemployment and the CARES relief.
But yes, I completely agree with screening is the number one most important thing you can do. I'll say no to 100 tenants before I'll say yes and it's for that reason that my default rate is close to 0%. Buy and hold estate is a game won by those who can play the longest. The quickest way out of the game is by saddling your investments up with non-paying tenants who trash the place.
Post: Lease ended, ky says no evictions because Covid-19
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Unfortunately it’s not a good time for LL. So called professional tenants going to take the full advantage of COVID-19 eviction filing rules.
Post: Lease updates for tenant
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Let’s wait for the response. If you lost your job then give them 6 months lease offer and let them know you about pay or quit policy.
Post: Seeking Property Management software/ System
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Jamal Bhai so far how are you managing the properties spread across all over the country?
Originally posted by @Sakib J.:
I am seeking a 1 stop shop for vacancy postings, tenant screening, rent collection, ppty maintenance and repairs, etc. I have a few rental ppties spread across multiple states... not easy being a remote landlord
Is there any property management software or online service that can do all this??
Please advise.
Post: Seeking Property Management software/ System
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Jamal Bhai so far how are you managing the properties spread across all over the country?
Originally posted by @Sakib J.:
I am seeking a 1 stop shop for vacancy postings, tenant screening, rent collection, ppty maintenance and repairs, etc. I have a few rental ppties spread across multiple states... not easy being a remote landlord
Is there any property management software or online service that can do all this??
Please advise.