All Forum Posts by: Tim J.

In no particular order:

1. Read the relevant landlord tenant laws for the state and municipality your property is in
2. Hire a lawyer
3. screen tenants well and have very strong/bulletpoof leases
4. offer cash for keys/ask tenant what they want.  In the long run you will prevail, but it can be an expensive and frustrating process and the timeline may be really long.
5 Consider renting in a state that has better laws - for example someone mentioned they get tenants evicted easily but I think that person was from SC.

I would skip RentRedi  - tried it - I would use excel over that software

I use stessa - but it has no maintenance request features - which is the big glaring hole for that product.

I know this is not the response you are looking for, but are you sure you know what you are doing? remote investing in Newark is not something I would ever consider.  

As for kitchens - call large remodelers or contractors - they sometimes pull out nice cabinets when remodeling.  Also - craigslist and facebook.

Check your state and local laws. Also check with an attorney or join a landlord group.

Look into what IJ (Institute for Justice) and Cato Institute have published and championed about unconstitutional searches/warrant-less searches.  

Any warrantless search violates the constitution.  You may or may not win a court case in your local jurisdiction.  

As others have said, if you are getting housing assistance payments then the inspections are part of that process, but if its just for general rental units then its a overreach.

A cynical person might say "well, that's one way to sell to a market/created demand"  :)

Get an accountant.  I love/use turbo tax, but once I had an S corp/LLCs I realized I needed professional help.

I agree with John - CPA all the way on this.

I have been happy with Stessa.com so far.  Has ACH payments, cash accounts, bank connectivity.  

This would give me pause as an investor:  "on a nice double-wide in a good area."

It's a mobile home.  Those are depreciating assets.  Be very careful with your capital here IMO.  See if you can secure your money with some other asset.

It may be a great deal, but I would be extra careful on this one.

I bought a cabin on a lake in vermont in 2000.  I did not use it fully.  around 2014 I decided to rent it out for short terms.  That was about when airbnb became popular.  I found a local cleaner who would do all the cleaning work for me so I did not have to  do it.

I make it clear in my listing that it is a rustic cabin.  I set expectations.    Cleaners have been great.  I make about 10k each year from what would have just sat idle.  

I encourage you to re-think the plan - and find a local cleaner or two or an airbnb Property manager.