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22 September 2024 | 15 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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20 September 2024 | 6 replies
This next month (July 1st) is the first month collecting rent with them, but so far it's been very easy to use- and the monthly cost is right ($0!)
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20 September 2024 | 9 replies
You can always get a license and put it referral meaning you're not active, but are referring business to agents and collect a fee.
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16 September 2024 | 2 replies
Can anyone recommend a rent collection agency?
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16 September 2024 | 2 replies
Is there some sort of collection service where I give them all the information, they go after the tenants and just give me a cut of whatever they collect?
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24 September 2024 | 15 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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19 September 2024 | 18 replies
Here's a list of tools you can use to automate rent collection and other aspects of your business.
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23 September 2024 | 25 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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21 September 2024 | 19 replies
But touting the fee and inspection “for guest safety” but not inspecting and only collecting the fee is terribly dishonest and a sham, as you already mentioned.
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20 September 2024 | 31 replies
With exception of one mentor who I greatly admire and respect, I have spent 1000's over the years on RE courses collectively and not experienced this kind of support, encouragement or expertise without having to pay quite a bit for it.