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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.
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19 September 2024 | 30 replies
Hmmm... lets think about this and list just a few things that you are paying them for... tenant communication, owner communication, managing expenses, maintenance concerns, vendor communication, negotiating vendor pricing, rent collections, accounts payable, accounts receivable, tenant procurement, 3-day notices, 7-day notices, 1099s, accounting, and 24/7/365 MANAGEMENT OF YOUR PROPERTY, for pennies of the rent...
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19 September 2024 | 1 reply
What if they have collections or judgments?
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22 September 2024 | 25 replies
We were looking into stayfi as means to collect info.
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20 September 2024 | 24 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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19 September 2024 | 7 replies
I only consider a cosigner/guarantor is that person is "collectible".
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23 September 2024 | 29 replies
The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.
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20 September 2024 | 7 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 | 7 replies
We use Stayfi to collect guest emails and it connects to Constant Contact which we then email them coupons and promos.