4 October 2024 | 26 replies
I'm not too familiar with your market, but i was in a similar situation in the DC metro and pivoted from renting/leasing to rent-to-own (lease option).i got the place occupied in no time with above market rent, passed on any trivial repairs to the tenants, and collected a significant option fee.The option fee is magical!
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26 September 2024 | 3 replies
I have a rental in a new rural development that does not have city garbage pickup. Most neighbors just use local dumpster providers, is it my responsibility to pay for the dumpster? Should the tenant arrange for it an...
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1 October 2024 | 5 replies
I don't know how the humidifiers are configured, but you might be able to put a small pump into each reservoir (search "automatic bilge pump" on amazon) and move the water into either a larger collection tank (think 55 gallon drum) or drain.
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3 October 2024 | 29 replies
Class D neighborhoods pencil out great if you don’t know what you’re doing and don’t mind packing a gun when you go to collect rent every two weeks.So here’s a tip: never invest in a place where you wouldn’t want to live.
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24 September 2024 | 2 replies
The other option is collections or court, but collections will take a large % of the debt and court takes a lot of time and money.
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3 October 2024 | 26 replies
I've been watching the appreciation and collecting rent ever since.
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23 September 2024 | 5 replies
Does any one have a collection agency in the Connecticut area for rent collections.
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30 September 2024 | 10 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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30 September 2024 | 4 replies
The HML as you know never leave their office.. they collect data just like a bank does order the appraisal and all that jazz we dont do any of it.. we will run criminal though we dont want to be funding any bad actors or dead beats.
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29 September 2024 | 17 replies
It would have been 10k more and at the time I did not see the point, in hindsight I should have.Today I think of my portfolio more of a collection and when I look at a property my main question is if this is something I will be happy that I bought it ten years from now?