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14 October 2024 | 3 replies
@Kristjan MeitzFor out-of-state properties, a property management company is recommended for tenant relations, repairs, rent collection, and compliance with local landlord laws.
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14 October 2024 | 2 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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16 October 2024 | 27 replies
In the spirit of non profit you would be helping people collect this overage and NOT charging them.
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13 October 2024 | 11 replies
The personnel they use to collect the money and do repairs do it everyday and have the parts available for a quick fix.
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13 October 2024 | 4 replies
But regardless of whether the bid at auction is less then JPMs judgment, they cannot collect anything further given your father is deceased.
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14 October 2024 | 15 replies
Even on collecting deposits etc.
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13 October 2024 | 2 replies
Your collective wisdom is invaluable, and I’m eager to learn from your experiences.
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11 October 2024 | 56 replies
. - I've had to haul away a ton of trash, cans, dirty clothes, etc.
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9 October 2024 | 1 reply
Rows of debris and personal belongings line the streets, and upon closer inspection, some of it resembles a yard sale.It’s heartbreaking to see people throwing away brand-new TVs, washers, dryers, paintings, family photos, and boxes of clothes.
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12 October 2024 | 2 replies
, we are super blessed, it was not easy but it wasn't super hard either, and the tools here at BP are a VERY good resource to Analyse deals. thank you, guys.we are renting this property now to a wonderful family, they are super happy with the place, and we are collecting $1,200 P/M rent with over just over $500 in cash flow :) I just wanted to share to encourage new investors!!!!