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10 February 2025 | 29 replies
More likely, he is hoping to use the extra time to collect more rents and thus more fees to generate the funds to pay his owner clients:(
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9 February 2025 | 3 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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3 February 2025 | 2 replies
With the tech I am using (a lesser known PMS) I am able to automatically screen guests, get their selfies, write leases, and collect deposits in my work flow even for Airbnb guests.
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29 January 2025 | 9 replies
I would read up on the risks before collecting rent with those tools.
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15 February 2025 | 7 replies
What if they have collections or judgments?
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21 February 2025 | 9 replies
Keep looking for a tenant - also have they already paid you through the end of he lease or you still have to collect ?
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29 January 2025 | 4 replies
These small conveniences can save you time and money in the long run.For rent collection, you can try Rent.app, which is easy for tenants to use and keeps everything streamlined.
20 February 2025 | 5 replies
This money is still owed by the tenants and at times we were able to collect some of the money for the damages.Regarding installing a sprinkler system, it's only helpful if the tenants don't turn it off.
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10 February 2025 | 8 replies
(VA lender) Total collected rent would be at about $67200.
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10 February 2025 | 12 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.