All Forum Posts by: Account Closed

@Hadar Orkibi Thanks for the suggestion. The properties in my price range get pretty thin in those areas which is a good indication of the properties there. Are there any bedroom communities in the LR that might be worth a look?

@Account Closed As someone born and raised in LR, what are your thoughts on having an investment property in Mayflower? Are there any up and coming bedroom communities for the LR area that would be good to keep an eye on?

@Victor Wang I've gotten some good suggestions from @Hadar Orkibi for property manager's in LR but am curious who you use?

I'll throw you a bone (no pun intended).

42 U.S. Code section 3604(f) (3)(B)

You are completely within your rights to reject applicants who are missing information on their application that prevents you from being able to check their background. Did you receive any other applications?

For those familiar with the Little Rock market. What do you think are the top "B" or "C" neighborhoods for investing in rental properties? What is it that makes these areas of Little Rock desirable areas for rental property? Also, are there any general areas you'd suggest avoiding completely?

Hi BP community, I'm looking to start investing out-of-state. My MINS is to secure financing. I'm not even sure if this ever happens but what are the pros and cons of using my hometown lender rather than one in the market where I plan to invest? 

@Roger Holden I greatly appreciate your insight. Financing seems to be the more arcane side of investing for a lot of us just starting out. I'm interested in avoiding having my first deal tie-up my capital and prevent me from getting more properties. 30% won't be a deal killer and I agree with others who say that you shouldn't over leverage especially as you are starting out. I'm just thinking longer-term and with scaling my portfolio I'd really hope for closer to 20%. I'll start looking into local lenders in that market and see how we could help each other given my specific financial situation.

@Roger Bernard

Having your guests be your responsibility as well as no pets is pretty much boiler plate stuff for any decent lease. If you're landlord is good at what they do you'll typically need to sign a pet addendum for animals to be allowed. Also, you should always double-check the lease as that's what your rights and responsibilities are based on and not any impressions that you may be under. Obviously, the exception is if the lease is in violation of local, state, or federal laws. @Joe Splitrock's comments would suggest that they are not in your case. While the situation may seem unfair, I'd respect your landlord's wishes and either have your guest leave the animals in the car or better yet, you could visit your friend at their house.

@Rheanna Lamph

I currently collect rent from several units using PayPal and Venmo. Both are great for fast payments and provide a verifiable means of payment for both you and your tenants. If you're concerned about using payments outside of your website then I'd second @Jonathan Taylor Smith's suggestion of using Cozy.co. I've actually been considering switching everything over to their website as it streamlines the landlord process and it's free.