Michael Mulholland
Using STRESSA and RENTREDI
25 December 2024 | 2 replies
I currently use rentredi and am disappointed in it, I want to switch to STRESSA but find they collect rents into their bank account.Has anyone used RENTREDI accounting software, they want $100.00 per month which i find exesssive.
Gregory Chadwell
Anyone use APPFOLIO?
7 January 2025 | 6 replies
This is the 2ND month the same problem is happening now, we have been with Appfolio for more than 5 years and have about 60 - 80 units collecting rental income through Appfolio and we never had this issue before with the previous Appfolio team.
Rose White
Tenant Background Check
15 January 2025 | 6 replies
What if they have collections or judgments?
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
We also have a nextgen in our primary home that we rent and collect all rents for that to the same account as the rental.
Serge Hounkponou
New member from Indiana
7 January 2025 | 4 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.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Even if you make all of your payments on time there are times when something happens by accident or a collection pops-up and drops the credit scores.
Makan A Tabrizi
Apartments.com Providing Residentscore
3 January 2025 | 11 replies
For example a 25 y o applicant who has used credit minimally and has an unpaid bill of $50 in collections from when they switched phone carriers may have a low score, but the only negative on their credit is this one SMALL $50 debt.
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
Should I use it for asset management, rent collection, property management, or other roles?
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.
Gary Abrams
PM software or app, to organize for a secondary manager to take over
7 January 2025 | 3 replies
I don't necessarily need the standard features of pm software, such as rent collection, bookkeeping and maintenance requests, though that could help; but do need a clearinghouse of important information, such as leases, legal docs and other information; maintenance vendors I use; maintenance history; and some kind of tracking system, where I can record the various current projects I'm working on within the business.