2 October 2024 | 28 replies
I don't provide alcohol, but I sure collect a lot of it after guests leave!
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1 October 2024 | 12 replies
Ideally I want the money collected to be accounted in the month I'm paying the mortgage so I can get a better sense of my monthly cashflow month over month, but that means I will need to record the draw I receive in October in September so things all line up nicely.Anyone have any thoughts on that?
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4 October 2024 | 15 replies
No penalty to let project die slow death and collect salary, travel and advertising money from it.This is data, everyone should make their own data driven decision based on it.
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4 October 2024 | 9 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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1 October 2024 | 13 replies
;-)I have owned and rented SFH since I was in College (I bought my first home, and then lived in it while collecting rent to pay the mortgage and make cash from my roomies.).
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2 October 2024 | 6 replies
And unlike HOAs most are not going to flat out ban STRs, but rather try to collect taxes/fees from those that want to run them.
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3 October 2024 | 7 replies
Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.
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2 October 2024 | 24 replies
After 4+ years, my loan and the principal is paid back and I collect ATM distributions for another 3+ years.
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3 October 2024 | 11 replies
If they still don't budge, then you have to follow through the eviction.For the life of me, I don't understand why so many areas in the country make evictions so onerous on the landlord and the collections of unpaid rent so impossible for landlords.
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7 October 2024 | 35 replies
This company is a scam (now doing business as Poplar Homes) doing the absolute bare minimum to keep collecting fees.