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30 October 2024 | 5 replies
What is a good software to use to keep inspection,rent collection organized Thanks
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28 October 2024 | 13 replies
He seems to be well connected and has an extensive client base.My wife and I have bought and sold a few homes now, and have dealt with a handful of agents...Beau is absolutely stellar.
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29 October 2024 | 2 replies
I would only hire out for major work I can't do myself or emergency repairs.I've dealt with older houses before and the house may be fine for occupants but there's still usually lots of things that can be fixed / improved so it seems a house that isn't perfect would give more opportunities for ongoing maintenance of this sort.To me it seems fairly straightforward to meet the time requirements but I think I need to have extensive documentation?
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31 October 2024 | 7 replies
We either collect at renewal or at move out through security.
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5 November 2024 | 28 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 October 2024 | 14 replies
@Luis Herna, while I am not overly certain about TX's nuances, but they sound similar to Ohio, if you are collecting a commission, whether a fixed amount or a percentage of sales price, you are brokering deals and require a license.In my market the grey area solution is, like Daniel noted, actually close on the deal in a dual closing transaction, or formally assign the contract with an assignment fee tied to it.
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31 October 2024 | 18 replies
The way you are breaking it down is very spreadsheet-friendly in terms of what would work in a best-case scenario, but landlording for five room hackers is not easy and the rent is not easy to collect in all cases.
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28 October 2024 | 4 replies
Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks
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30 October 2024 | 28 replies
You will need to help them cross back into normal society, its not a situation where you sit back and collect the rent.
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31 October 2024 | 10 replies
I've used Stessa with my own rental properties and I recommend it to my clients, and I think it's one of the best ways for rental property owners to track their income/expenses, collect rent, etc.