14 July 2021 | 1 reply
Turn the case over to a collection agency for a fee which will get a ding on their credit at least or file a writ of execution and then the sheriff gets involved Google debt collection.
18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
22 July 2021 | 11 replies
We've been involved in the Indianapolis market for 10 years.
16 July 2021 | 7 replies
Is there more risk since more parties are involved?
17 July 2021 | 6 replies
If you are wanting to be involved I would look for a smaller independent team that would be a true "partner" on the ground so to speak!
15 July 2021 | 2 replies
Congrats on getting a deal, even though it may seem overwhelming, it will be much easier once you involve the proper professionals.
15 July 2021 | 3 replies
In this scenario there is too much risk involved to just save $5k.
15 July 2021 | 6 replies
Again, that's not including other costs involved.
16 July 2021 | 6 replies
Is there some kind of special circumstance that is making you want to get an attorney involved?
16 July 2021 | 4 replies
Where and when will they need your involvement?