Пікірлер
@mistressofsecrets
@mistressofsecrets 17 күн бұрын
lol he’s a slum lord
@jcgboxer75
@jcgboxer75 28 күн бұрын
What if it's not going in and it's to tight about half way in?
@JPPropertyConsultingLLC
@JPPropertyConsultingLLC Ай бұрын
With respect to credit reports, there are many missed opportunities landlords overlook when evaluating a credit report. For example, the report will show their current address as well as previous addresses. Now, google these addresses to be sure they don’t come up as an apartment community or management company. If the do, you now have contact information to send your landlord verification form to. Next, cross reference the last names of these property owners with any aliases that show up on the credit report (such as a maiden name, etc). Also, run criminal history reports on those aliases as well. Now, I know for a fact that those newer “application processing companies “ such as Apollo, Tenant Cloud, and Rent Prep, etc. do NOT go through this thorough of a process. That’s why most small landlords (who don’t come from the side of the industry where I come from) end up with many undesirable tenants, who probably got declined at a large apartment community (like where I come from). Next, it’s best to use the wording “animals” instead of pets. For example, an emotional support dog or a seeing eye dog is NOT legally a “pet” and therefore (especially on the rental application, which is a legal document) , they’re not technically lying when they say no to this (even though they actually have an emotional support dog for example). Therefore, instead-always ask “will there be any ANIMALS living with you in the unit?” Just as a side note, I don’t own rental property. Instead. I come from decades of working at the large national and statewide Property Management organizations, where training is paramount with their leasing agents and Management staff. Most KZbin content creators are primarily small landlords giving advice to other small landlords, which from the standpoint of where I come from-is kinda like the blind leading the blind. I teach the small mom and pop landlord all the business practices that are universally embraced at the large organization side of the industry. To better explain this…I use the analogy of the car sales industry. If we were to equate our business to the automobile sales industry-think of it like this…. When purchasing a car, there are THREE primary ways to do so. There’s the guy that put his car in the driveway and puts the “for sale “ sign on it, places the Craigslist ad and puts the ad in the newspaper. Then there’s the “Bob’s Auto Sales” -the small local dealership… That said, most KZbin content creators are a landlord that would be equivalent to one of these levels. Now, to keep with this analogy, I’ve never put my car in the driveway to sell it , nor have I ever owned my own private small dealership. Instead, I come from decades of working at the “Toyota or Chrysler” dealerships (as an analogy-not literally) . My courses teach the “Bobs Auto Sales” (small property management company) and the guy who puts his car in the driveway to sell it(the small 8 unit apartment owner) all the business practices that we teach our staff at Toyota and Chrysler (the large National Property Management firms). I hope that analogy makes sense. Check out my website Jppropertyconsulting.com
@UrsaBella
@UrsaBella Ай бұрын
a tool that I use does not let me see their ss number. how do I collect it and how do I verify it? do they need to send me a copy? thanks
@KentonKnows
@KentonKnows 24 күн бұрын
You definitely need to have their ssn if you ever want to use it to report nonpayments to the credit agencies.
@powerofknowledge7771
@powerofknowledge7771 Ай бұрын
What does the move in fee include? What does it say it includes in the lease?
@powerofknowledge7771
@powerofknowledge7771 Ай бұрын
THE Best and most concise video on getting a unit rented!!! I hung on your every word and will be taking all of your advice! As a smaller landlord who operates as a 1 man show, everything that comes with a major renovation (mishaps, delays, unfit contractors, etc.) and then finally getting it ready to rent to a new tenant can be super stressful and cumbersome!! In the blur of all the stress with all of the updated changes in the rental world, this helps give me some direction. Thank you!!!
@KentonKnows
@KentonKnows 26 күн бұрын
So glad to hear that it helped you
@mikej.greenwald2476
@mikej.greenwald2476 Ай бұрын
Ive replaced 2 of brand new cartriges and this thing is still leakig! Why??
@Justkeepitabuck
@Justkeepitabuck Ай бұрын
Hello Kenton, As the first time homebuyer, I want to buy a four Plex but my question is how do I lower my interest rate?
@KentonKnows
@KentonKnows 24 күн бұрын
Your interest rate is normally a function of your credit worthiness. I’d recommend talking with a mortgage broker to find the best rate, do your first deal and then potentially refi it later. I don’t recommend buying down the rate as it’s likely we’ll be in a decreasing interest rate environment for the foreseeable future.
@rorihuela340
@rorihuela340 Ай бұрын
Found your presentation very informative and we are also in discussion for WallCall . This is definitely a game-changer for our communities.
@facelessandanonymous
@facelessandanonymous 2 ай бұрын
Hi Kenton: I needed your influence badly. Your video helped me overcome the usual plumbing fear and since my plumber was too busy for what I found out was a very small and quite easy task… after watching your video I said “I can do that!” And I did. Nice step by step process…!!
@KentonKnows
@KentonKnows Ай бұрын
Glad to help
@jacobashurov7926
@jacobashurov7926 2 ай бұрын
What about FHA loans?
@Ian-wf4bm
@Ian-wf4bm 2 ай бұрын
Hi Kenton, If I have any back taxes, can I still quit claim a property to someone? In your video, you mentioned needing to pay any back water bills. I didn't know if that also held true for back taxes.
@KentonKnows
@KentonKnows 2 ай бұрын
In chicago they require a paid water bill before they will accept and record the quitclaim deed. I’m not sure if they check the back taxes or not.
@KentonKnows
@KentonKnows 2 ай бұрын
This apartment is available for 09/01/24 move in.
@carolinesviews47
@carolinesviews47 3 ай бұрын
I learned so much! Thank you Kenton.
@KentonKnows
@KentonKnows 2 ай бұрын
Glad it was helpful!
@GManz41
@GManz41 3 ай бұрын
Good info. Thanks.
@KentonKnows
@KentonKnows 2 ай бұрын
You bet
@mikeanderson9266
@mikeanderson9266 4 ай бұрын
MY REIA gives 2 percent off
@KentonKnows
@KentonKnows 2 ай бұрын
Nice
@KelseyRhodes-yv2rk
@KelseyRhodes-yv2rk 4 ай бұрын
Hi Kenton, great review! Just wondering, now 3 years later, if you are still happy with TenantCloud?
@KentonKnows
@KentonKnows 3 ай бұрын
Yes, absolutely
@StevoUSA
@StevoUSA 4 ай бұрын
Thank you for posting this excellent tutorial video. I never replaced faucet cartridges before and your video was so well done that even a newbie like me could do it perfectly first time around. Keep it up 👍🏻
@KentonKnows
@KentonKnows 3 ай бұрын
Great to hear!
@fpanadero2626
@fpanadero2626 4 ай бұрын
Does this apply with a "conventional" loan? How can I tell that my loan was serviced by Freddie/Fannie?
@victorinaevelyncastillo8360
@victorinaevelyncastillo8360 4 ай бұрын
Valuable information! This was 2 years ago. Thank you
@KentonKnows
@KentonKnows 3 ай бұрын
You are so welcome!
@amarekefyalew4385
@amarekefyalew4385 4 ай бұрын
Interesting information! Thanks
@KentonKnows
@KentonKnows 3 ай бұрын
Glad it was helpful!
@stevendreith4343
@stevendreith4343 4 ай бұрын
Thanks for the informative video, as I'am getting ready to change mine.
@KentonKnows
@KentonKnows 3 ай бұрын
Welcome
@Akabogu
@Akabogu 4 ай бұрын
Hello Kenton, just found your channel - very good content. One question, I currently own 7 units and looking for the best way to structure my business. Would you still recommend Tenant Cloud & Quick books if you were starting today ? Thanks a lot!
@KentonKnows
@KentonKnows 2 ай бұрын
Yes, I would still recommend TenantCloud, but I moved from Quickbooks to wave and have found wave works just fine for my accounting. Quickbooks got expensive and is overkill for my business
@richardandretti2680
@richardandretti2680 4 ай бұрын
Most of the leads you receive from zillow and its affiliation, are fake leads. In order to convince you that their site works, they have people on the staff working to send you fake leads. The number to contact the lead will always belong to someone else, and the emails provided by zillow for "leads" are also made up, never respond to your invitation your invitation to set up schedule to come and see the property. I have been on property management for 36 years...
@brandenlagomarsini2552
@brandenlagomarsini2552 5 ай бұрын
I followed the instructions.It work for a month and now I’m having the same problem a month later. Any reasons for that ?
@tomsmart7456
@tomsmart7456 5 ай бұрын
Home Depot STOPPED the 11% Menards matching rebate effective 2024!
@KentonKnows
@KentonKnows 3 ай бұрын
I know, super disappointing!
@jomarlefevre5311
@jomarlefevre5311 5 ай бұрын
Is the orange twist nut you chose to use made out of plastic? if so, isn't that a fire hazard? the white twist nuts are ceramic. I would have tested the igniter first, just in case. I understand you rational about perhaps being at it's half life, but it could last for a long time. I appreciate the effort you put into this video and the detail explanation, helpful!
@KentonKnows
@KentonKnows 24 күн бұрын
Yes, the ceramic ones are better, but they don’t always stay on for me. I wouldn’t say the plastic one is a fire hazard. I try to tuck it away from the igniter and I haven’t had one melt so far.
@ktrn8160
@ktrn8160 5 ай бұрын
Thank you for sharing this information. Bought a home 4 years ago and now we’re moving so need as much info as how to find good tenants etc. Currently on the first stage of decluttering home to take photos and list on Zillow.
@KentonKnows
@KentonKnows 24 күн бұрын
Glad it was helpful!
@JoeKamalaCORRUPTadministration
@JoeKamalaCORRUPTadministration 5 ай бұрын
Thank you!
@KentonKnows
@KentonKnows 5 ай бұрын
You're welcome!
@jimbrigden3024
@jimbrigden3024 5 ай бұрын
Hi, thanks for the video. One comment regarding removing the handle. After trying quite a while to find an allen wrench that fit I was eventually lucky enough to have the handle come off and found that there was no allen screw...it was a standard flat head screw. I imagine this is due to the unit being fairly old.
@KentonKnows
@KentonKnows 5 ай бұрын
That may not be an original screw, but glad you figured it out!
@jimbrigden3024
@jimbrigden3024 5 ай бұрын
@@KentonKnows Yeah, it was the same screw for two valves. Probably installed in 1975.
@elizabethwetzler4033
@elizabethwetzler4033 5 ай бұрын
Thank you. You are so thorough!
@elizabethwetzler4033
@elizabethwetzler4033 5 ай бұрын
💯
@Meghan.E18
@Meghan.E18 5 ай бұрын
Thank you so much for this information! Great advice :)
@KentonKnows
@KentonKnows 5 ай бұрын
You're so welcome!
@elizabethwetzler4033
@elizabethwetzler4033 6 ай бұрын
Excellent video. Thanks.
@KentonKnows
@KentonKnows 5 ай бұрын
Glad you liked it!
@ericlivingston4816
@ericlivingston4816 6 ай бұрын
March 2024. Do you still use TenantCloud? I've been using it for a couple of years and it has gone down hill. They put out an update about a year ago that makes the dashboard useless.
@wiggums007
@wiggums007 6 ай бұрын
Better check for any leakage before putting all the trim on.... I've had brand new balancing spools & cartridges damaged and they leaked. Also I've had the cartridge leak if it wasn't tightened "evenly" or if it was overtightened / under tightened.
@shahnavazkm
@shahnavazkm 6 ай бұрын
Thanknu
@KawaggaMartin-u1y
@KawaggaMartin-u1y 6 ай бұрын
Thanks so much Kenton knows that was awesome
@Bronxking81
@Bronxking81 7 ай бұрын
Thank you!
@KentonKnows
@KentonKnows 6 ай бұрын
You're welcome!
@pointice
@pointice 7 ай бұрын
Any thoughts on a prospective tenant with a low credit score and DTI at 48%? Should I have a guarantor?
@KentonKnows
@KentonKnows 7 ай бұрын
I personally see the credit score as the only thing that proves the person is consistently able to pay their bills. If you do accept the lower score, then yes I’d get a co-signer and/or a guarantor.
@gcaraman
@gcaraman 7 ай бұрын
Do you tell the mortgage company? And do you make the payments to the mortgage after QCD or does your LLC?
@KentonKnows
@KentonKnows 7 ай бұрын
There is not a need to tell the mortgage company and yes you should pay it from the LLC, but I highly doubt the mortgage company tracks or pays attention to where the money is coming from as long as it is paid on time.
@andyfarner9242
@andyfarner9242 7 ай бұрын
Great video. I've replaced both parts but there is a slow drip from what looks like the pressure balancing valve when i turn the shower back on. Is there a workaround for this?
@Drhalo69
@Drhalo69 7 ай бұрын
Can you provide the verbiage written or a google doc with these additions?
@ejcorinealdi
@ejcorinealdi 7 ай бұрын
Hi, I'm just a bit confused because you are still short $6k after the cash out refinance, right?? I may be missing something. Please explain
@KentonKnows
@KentonKnows 2 ай бұрын
In the real world numbers don’t always come out perfectly. It’s still a very good investment and that is the main point.
@MrSmartcable
@MrSmartcable 8 ай бұрын
would there be a way I can identify the part number for the Pressure Balance Unit or cartridge for my shower? and are the both parts pretty much universal for most the american standard shower faucet in that style like in the video?
@patasanti334
@patasanti334 8 ай бұрын
What do you do if it still Drips?
@fireandice2301
@fireandice2301 9 ай бұрын
As more and more areas become "squatter friendly" there should be a way to hide the exact street address on any ads. Scammers look for ads with exact street addresses as well.
@KentonKnows
@KentonKnows 9 ай бұрын
That is a consideration if the property is vacant however, I am usually advertising the property while it is occupied. You do bring up a great point though.
@therev9110
@therev9110 9 ай бұрын
thank you kenton,great info! just found your site,have subscribed!
@KentonKnows
@KentonKnows 9 ай бұрын
Awesome, thank you!
@jpechacek80
@jpechacek80 9 ай бұрын
I noticed how you make sure you hold your tongue right.
@KentonKnows
@KentonKnows 9 ай бұрын
It helps me concentrate.
@cryder106
@cryder106 9 ай бұрын
And if they don't care about them?