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9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
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24 January 2025 | 9 replies
I have two phones, one for business and one for personal.
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27 January 2025 | 1 reply
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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26 February 2025 | 23 replies
I do have to ask for the annual statement now, but the person who did their books previously automatically sent me.
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29 January 2025 | 0 replies
We purchased it off market, as-is, and as it was our personal home, we renovated over time.
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12 February 2025 | 29 replies
Our short-term residential investment property loans are typically 60-80% LTV and all are personally guaranteed by the borrower(s) -- we pull credit, background and PFS on each guarantor, verify experience, verify liquidity, underwrite the property, neighborhood and zip code.
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2 February 2025 | 10 replies
Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage.
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29 January 2025 | 4 replies
It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.
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24 January 2025 | 6 replies
It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.
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12 February 2025 | 6 replies
This is basically a math problem that will depend on both you personal finances & also how much of this is an investment vs you want a nice house to live in4.