All Forum Posts by: Bill P.

@Lesley Resnick For those readers of this post, I will gladly accept your covid cash and coins. Just mail them to my office in a plain envelope. Thanks in advance!!

@Brendan Francis offer your 400 as 120+ days is a long time. If he wants to sell, he will seriously will consider your offer. You're the one paying the mortgage so protect your position.

@Riley Way you're doing fine. Keep as is and just increase your rainy day fund. I wish my 1st property did so well!!

@GP G. US Bank offers free business checking in Cincinnati area. If they are in your area, check them out.

@Kuriakos Mellos You need to research how much they owe on a mortgage so you know how to structure the deal. Remember that agent will want their fee in total. And it would be nice to know their motivation on moving and what their next move is going to be. But be free to walk away if it doesn't feel right. You'd be surprised the range of what seller financing means to different people. My best guess is the agent will not be your champion in this regard.

@John Smith From memory, I believe we kept the direct overhead to about 20% as we were only doing this service as an add-on to our main RE business. This all happened 2003 thru 2010.

@John Smith we used to charge 7% when we did as we thought that was fair. 75% for new leases, 25% for renewals. No fee for first month on new or renewal leases. Don't do it anymore as we are focused on our own properties.

@Julius Chinn Chicken I'm talking about the initial list price, not a reduction.

@Nadir M. You've had some good comments here. I just want to that pricing your rental is much like retail. You'll catch more renter's eyes by listing at 1599 vs. 1600 just like real estate agents would rather list for 199900 vs 200000. Intellectually it doesn't make a lot of difference but emotionally it is a world apart. Also, consider a professionally looking FOR RENT sign for the yard. Advertise where people passing by might notice as they might like to live there. Good luck with your investing future.

@Mark Baldwin Foundation issues will hurt your chances of a quick flip as buyers will notice the fix and will move on no matter what type a report you have.u