From my observation (and experience as a former renter), I am not aware of renters paying the water bill. However, I am considering having my tenants pay their water bill. Will this be okay to do?
Yes, the duplicate bill shows the former balance and how much was paid and how much is owed. It is very handy. More than once I had to call my tenant and say "I noticed the water bill is getting a bit high".
Most of my tenants pay the water bill. I do know the billing rules and what is done if nonpayment. In MY experience, most juristictions allow the water bill to be put in a tenants name. They also WILL turn off water for nonpayment. However, the charges will stay with the property rather than follow the tenant (like an electric bill). Occasionally a juristiction will not allow the bill to go into the tenants name. I then just tell them when to go in and pay it.
I would love to hear how Balto. city could take a property quickly without a landlord knowing it.
You should join a local investors group. There are several large groups in SF. Network, network, network. Latch on to someone that has been doing it for a while and is making good money and pick their brain. But remember, if you continue to kick tires without any action, your network will eventually leave you behind.
I have primarily purchased outside of California and have done quite well. The biggest step is taking that first jump off the high dive. Do your homework. Crunch the numbers and find trusted "teams" to rely on.
I rarely purchase via wholesale anymore because I have found better deals on the retail market. I find local realtors that have at least an 80% investor clientel and I leverage their local resources (management, rehabbers, etc.).
Quote:
On 2006-06-06 15:15, edmeyer wrote:
I am local and will be happy to discuss my experiences or make suggestions if you will send me contact information
What great advice! Except that here it seems like the local police are into the rental investment business big time- I was holding an open house last Sunday and the lady next door said some police officers owned the next house and the one across the street and...but I am going to the fire departments next time I need a renter!
Yes, the duplicate bill shows the former balance and how much was paid and how much is owed. It is very handy. More than once I had to call my tenant and say "I noticed the water bill is getting a bit high".
Here in Lansing, MI. tenants pay for anything that is separately metered. If we can charge them, we do...
Chris
Most of my tenants pay the water bill. I do know the billing rules and what is done if nonpayment. In MY experience, most juristictions allow the water bill to be put in a tenants name. They also WILL turn off water for nonpayment. However, the charges will stay with the property rather than follow the tenant (like an electric bill). Occasionally a juristiction will not allow the bill to go into the tenants name. I then just tell them when to go in and pay it.
I would love to hear how Balto. city could take a property quickly without a landlord knowing it.
You should join a local investors group. There are several large groups in SF. Network, network, network. Latch on to someone that has been doing it for a while and is making good money and pick their brain. But remember, if you continue to kick tires without any action, your network will eventually leave you behind.
I have primarily purchased outside of California and have done quite well. The biggest step is taking that first jump off the high dive. Do your homework. Crunch the numbers and find trusted "teams" to rely on.
I rarely purchase via wholesale anymore because I have found better deals on the retail market. I find local realtors that have at least an 80% investor clientel and I leverage their local resources (management, rehabbers, etc.).
Hope this helps.
I joined 2 groups just recently.
I have started working with a realtor in TX and looking to find a decent realtor in West NY.
How do you look for a good realtor? Word of mouth in investing groups?
Thank you.
Paul
Would it be possible to get in touch with the realtors in TX you mentioned?
Which groups in SF do you favor more than the others?
Thank you.
Thank you very much, LaVon!
Paul
I am local and will be happy to discuss my experiences or make suggestions if you will send me contact information
Regards,
Ed
ababish at sbcglobal(dot)net
contact info
Quote:
On 2006-06-06 15:15, edmeyer wrote:
I am local and will be happy to discuss my experiences or make suggestions if you will send me contact information
Regards,
Ed
[ Edited by Ababish on Date 06/06/2006 ]
Ed, I am only partially local.
I am in San Francisco and in Sacramento.
About 50-50%.
**Please See My Profile**
Thank you,
LaVon,
Would you suggest I attend this club in Santana Row rather than the one in San Mateo that you had previously mentioned?
Thank you,
Paul
Bump...any thoughts?
What great advice! Except that here it seems like the local police are into the rental investment business big time- I was holding an open house last Sunday and the lady next door said some police officers owned the next house and the one across the street and...but I am going to the fire departments next time I need a renter!
Chris