All Forum Posts by: Tim J.

In my opinion, Skip venmo and paypal. Do yourself a favor and set up some portfolo management software (Stessa, Buildium, Rentec, etc)
Stay away from RentRedi.

I like Stessa - mostly free, but there is a paid tier. I am evaluating Buildium, and Rentec to fill in gaps I find in Stessa (maintenance management for the most part)

I also have some success with tenants depositing directly into a bank branch under my accounts.

Hi Tim,

Thank you for the response. Stessa looks like a solid option. Just curious - did you have a bad experience with RentRedi?

I have been using Stessa and love it. However, it is missing maintenance tracking functionality. So, based on some information on BP I tried RentRedi. I signed up for trial, then quickly discovered it is not useful for what I needed it for. It has no concept of separate portfolios and a workaround would be horribly inefficient use of my time. The fact that they got that fundamental basic concept wrong telle me the buildets of the software have no clue about managing rentals and probably got many other things wrong. Additionally, they claim they have "Apps" for android and iphone, when in fact they are not apps - they are just mobile-specific web sites.

An additional benefit of using software like stessa or buildium or rentec is end of year tax accounting prep stuff. My life is SOOO much easier now at the end of the year/preparing taxes.

It's not my intent to disparage the makers of Rentredi, but just trying to save people from wasting their time on software that is not up to th task when there are plenty of others available.

0 Votes

I don't understand. Sounds like you want to put up a fence. So put up a fence and pay for it yourself. Frankly. putting up a fence isn't hard and not sure why it needs a "license". If you are paying for it you get to choose the contractor.

Your latest post talks about a tenant but the first post discusses the neighbor. It's unclear to me what problems we're being asked to make suggestions for.

0 Votes

Sacramento, California

3 Votes

Quote from @Albert Hasson:

Quote from @Account Closed:

Quote from @Elijah Brown:

@Account Closed I think the government needs to provide more incentives to real estate investors instead of free handouts. Social programs don't work. The only thing that will really solve this problem is increasing the supply of units to meet the demand. Investors won't build units unless it is profitable to do so.

Be careful what you wish for:
Seattle has a lot of goverment help in real estate: Now landlords can't evict
San Francisco has a lot of goverment help in real estate: Now landlords can't evict
Portland has a lot of goverment help in real estate: Now landlords can't evict
LA has a lot of goverment help in real estate: Now landlords can't evict
Chicago has a lot of goverment help in real estate: Now landlords can't evict
New York has a lot of goverment help in real estate: Now landlords can't evict
Balitmore has a lot of goverment help in real estate: Now landlords can't evict

Are you seeing a trend here?

I have rental property in Seattle and you absolutely can evict a tenant for failure to pay rent or for being habitually late with rent. To say a landlord can’t evict is nonsense.

I think his point was that in the "liberal" cities it is much harder to evict and takes more time and more money than in places that are friendlier to landlords.

4 Votes

Phoenix, Arizona

Seems to me that a death and probate likely put a stay on the foreclosure. But I am no attorney. Zac needs to be told by an attorney or judge that he has to carry out the duties to the best of his ability.

Bern probably needs to get a lawyer

1 Vote

El Paso, Texas

Depends on the property. Isle la motte is WAAAY up there and many parts are swampy.
I have a cabin in milton on lake champlain - I do well with airbnb when I am not using it. I know a number of people in Milton (VT on the lake) that make good money with STR - but the lakeshore is key. Not sure if you're thinking of having waterfront or not.

0 Votes

Chittenden County, Vermont

I use Stessa and like it.
I wish it had maintenance management features. I am in the process of evaluating other software.

0 Votes

If I were in your shoes I would allow them to buy a shed. If it is a metal shed then they have to remove it when they move out.
And/or you can approve the shed type. I don't see a reason to not allow shed. Assuming you have security deposit in case they leave things in the shed.

Also - make sure they follow setbacks and any other local zoning with regards to the shed.

1 Vote

Tallahassee, Florida

@chase
The cross-collateralization is exactly what I am looking to achieve.

0 Votes

Did you try seeing what ChatGPT would create with some assignment?

1 Vote

Phoenix, Arizona

All Forum Posts by: Tim J.

Tim J. has started 9 posts and replied 297 times.

Post: Rent Collecting Software

Post: fence issue - whats the best solution to deal with people who is totally self focused

Post: Rent Collecting Software

Post: Housing is a Rip Off: The National Disaster and 11 Steps to Fix It

Post: Executor does not want to sign

Post: Isle la Motte - Good location for an STR

Post: Accounting software advice

Post: Tenants want shed- advice needed

Post: Possibility of getting use of equity in a SFH rental without selling?

Post: Housing is a Rip Off: The National Disaster and 11 Steps to Fix It