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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?
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30 September 2024 | 12 replies
As others have said, this is a business and needs to be run like one.At Keyrenter North Jersey Property Management, we follow an established process for rent collection.
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30 September 2024 | 16 replies
In Georgia, the local tax commissioner office (separate from the tax assessor's office) handles collection and tax sales.
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29 September 2024 | 13 replies
Originally I was also hoping to find a package that would do more of the property management basics for me, like running ads, screening tenants, collecting rent, collecting e-signatures, etc.What I found after months of looking is that there is no one-size-fits-all platform out there.
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30 September 2024 | 8 replies
This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.
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30 September 2024 | 46 replies
We use Stayfi which collects guest information as they connect to the internet.
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27 September 2024 | 2 replies
Not how much but do they collect directly from tenant or does money go to landlord/owner then they pay broker/agent?
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27 September 2024 | 1 reply
Rent Collection - Savings account, as soon as I collect rent, I like to put it in a savings account to start earning interest.
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30 September 2024 | 26 replies
This thread is one ofthe best orhestrated attempts I have seen here on BP, less than 24 collective posts between 8, count them 8 contributors.
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27 September 2024 | 10 replies
I saw where I can collect rent payments on Zillow, but it didn't say anything about late payment fees, so I'm unsure how that would work.