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20 May 2024 | 11 replies
I read how easy it is for scam artist to file fake papers with the county court clerk in order to foreclosure on properties.
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21 May 2024 | 3 replies
The loan we were applying for is an FHA, which stipulates we must provide a signed lease for our half of the duplex (to be newly rented out) but for the other half which the parents "own" (in reality all three are equally owners of the entire property.) we would need to provide proof of rental income on our tax return, however her parents claimed that so we seem to be SOL.The mortgage is covered, we can rent it out no problem, but the underwriter is saying on paper it looks like she is responsible for the whole duplex and the rent for half of it is unreportable.
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21 May 2024 | 6 replies
Chicago has also seen strong appreciation in both home prices and rents the past few years.Worst part - Don't get lured into the D class neighborhoods because the cash flow looks good on paper.
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22 May 2024 | 90 replies
Did peruse a judgment so I have a piece of paper showing he owes me a few thousand dollars.It is a problem as cozy never contacted me....just dug the $$ out of my account.
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22 May 2024 | 13 replies
I have a large paper trail with multiple inspections by their inspectors and appraisals by liscenced appraisers ordered by me and the bank as well as contractor receipts showing that I’m only half way through the list of recommended repairs from their inspector.
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21 May 2024 | 58 replies
@Richard Licon- likely not worth the paper its printed on ...if the course has taught you something - but if the only reason you are considering it is to get the certification - dont bother
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20 May 2024 | 3 replies
I made some nice curb appeal improvements, added parking spot rentals, added the U-haul dealer, improved internet presence, advertised in local papers and are affiliated with MySpareFoot.
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21 May 2024 | 41 replies
They should be able to serve him with papers for increasing his rent and then when he fails to pay the rent in full, evict him.
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20 May 2024 | 3 replies
Communication via phone is limited as we wanted a paper trail with them.
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22 May 2024 | 30 replies
Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...