All Forum Posts by: Digna Del Orbe

Well put Eric. This is a huge concern and the point that some investors and wholesalers are selling to these vamps is beyond me. They are very strategic in their plans.

When it comes to these giants, they have a plan. I was intrigued by Eric Bilderback's comment and I quite agree with him: https://www.biggerpockets.com/...

Note: I placed the following on a thread and I am putting it here as as well:

"Hello All,

I’d like to put this in the tenant’s perspective. I rent and that rent check is ready to go for April no matter what. I’m a health care worker but mid-March, we were sent home and may not return for another couple of weeks. Ugh.. I’m keeping a high chin and know that we’re going to come through this without adding to my landlord’s worries. But the rent will be paid

I’m sure some of your tenants have thoroughly considered, “hum that money I do have, I will instead save it for food and hoard more toilet paper”. This is a scarcity mentality. Perhaps this is a time when you can help bring education into the picture. Sometimes we assume people know about savings and emergency funds, etc.; I mean it does sound quite basic, right? Think about that time when you read “Rich Dad Poor Dad” and your mind did a 360 pivot and lo and behold a new perspective. Your tenants could probably use some pivot in their use of money. You may not see it as your job but here you are worrying about money yourself. What can you do to bring a little enlightenment to your tenants?

Communication with your tenant and encouraging your tenant to stay in touch is of utmost importance. Here’s a little story about my negotiation as a tenant: There was a time when I lived in Jersey, and went through surgery, chemo and radiation. I wrote a proposal to my landlord stating the situation and gave my BOLD proposal which was: asking to her to reduce my rent by $200 (from $1300 to $1100) for six months, then in 6 months I will pay her $1500/month until caught up. This angel landlord approved it; I was elated and I fully complied with that agreement and paid her despite working part time and four children to feed. Previous to this scenario, I had made other proposals that were all win-win. Let’s not go into agreement with scarcity. How can you and your tenants get in touch to create a win-win scenario despite Covid19?"

Hello All,

I’d like to put this in the tenant’s perspective. I rent and that rent check is ready to go for April no matter what. I’m a health care worker but mid-March, we were sent home and may not return for another couple of weeks. Ugh.. I’m keeping a high chin and know that we’re going to come through this without adding to my landlord’s worries. But the rent will be paid

I’m sure some of your tenants have thoroughly considered, “hum that money I do have, I will instead save it for food and hoard more toilet paper”. This is a scarcity mentality. Perhaps this is a time when you can help bring education into the picture. Sometimes we assume people know about savings and emergency funds, etc.; I mean it does sound quite basic, right? Think about that time when you read “Rich Dad Poor Dad” and your mind did a 360 pivot and lo and behold a new perspective. Your tenants could probably use some pivot in their use of money. You may not see it as your job but here you are worrying about money yourself. What can you do to bring a little enlightenment to your tenants?

Communication with your tenant and encouraging your tenant to stay in touch is of utmost importance. Here’s a little story about my negotiation as a tenant: There was a time when I lived in Jersey, and went through surgery, chemo and radiation. I wrote a proposal to my landlord stating the situation and gave my BOLD proposal which was: asking to her to reduce my rent by $200 (from $1300 to $1100) for six months, then in 6 months I will pay her $1500/month until caught up. This angel landlord approved it; I was elated and I fully complied with that agreement and paid her despite working part time and four children to feed. Previous to this scenario, I had made other proposals that were all win-win. Let’s not go into agreement with scarcity. How can you and your tenants get in touch to create a win-win scenario despite Covid19?

Dear homeowners/investors, please take a look at this article on Mortgage Relieve Guide: Forbearance programs; freeze on foreclosures, evictions. https://www.bankrate.com/mortg...

Hi. I see this post was about 6 months ago but I'll give my short input anyway.

If you are speaking of personal debt, then try Dave Ramsey's "The Total Money Make-Over". This has made a huge difference for me.  I'm still working on my finances and making headway.

Hi Shann

Check out BP Events: https://www.biggerpockets.com/...

There will be a meetup . The topic is on flipping but it's still a good place to start meeting others.

Really nice Reno.

Hello JC,

Yes, WELCOME!

You're in the right place and be sure to visit the book.  They'll give you great knowledge to start with. 

--Digna