All Forum Posts by: Pradeep C.

Hello BP Experts,

GOOD MORNING!!!

I am sure this question may have been asked and answered multiple times before. I was just not able to search and find the needed answers, so i am trying to get some expert opinions. Apologies for the repeated question.

I recently purchased a Brand new Townhome in a developing neighborhood in the Raleigh-Durham area and leased it out as a real estate investment. Now i see that a second townhome is becoming available for sale by July 2014. This is a brand new construction as well. The price range is ~120K. The community amenities include clubhouse, gym, swimming pool, tennis courts, etc.

Is it a wise idea to investment in two townhomes in the same community/neighborhood as a REI. Any pros and cons to this approach/strategy. The area is fast developing and is located ~10mins from downtown Raleigh area. The typical time to lease out is approximately 1 month from closing.

Your expert opinions is highly appreciated.

Thanks!

Brianna,

Do you know if you can automate the monthly rent payments? Also is there a way to decline partial rent payments?

Thanks

Pradeep

@Brandon Turner: Does Dwolla accept partial rent payments? If yes, then that would be a potential issue down the road? correct me if i am missing something here.

@Brianna Schmidt: Does williampaid avoid the issue of partial rent payments?

Thanks for all the advises and suggestions.

Hello BP experts,

I am new landlord getting ready to lease my townhome to a prospective client here in the Raleigh-Durham area.

I read some of the posts here on quick and safe rent collection practices and i am wondering if i choose to go the online rent collection route to avoid the hassles of receiving checks through mail, are there any recommendation for Rent collection service that is safe and secure for both tenants and landlord?

Any good rent collection companies that you recommend? also any that i should stay away from.

Please advise. Your inputs are highly appreciated.

Thanks

Pradeep