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25 October 2024 | 23 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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22 October 2024 | 7 replies
Say goodbye to having to collect cash or checks for rent from your tenants.
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23 October 2024 | 10 replies
Managing tenants, collecting rent, and handling repairs can be time-consuming, so factor in property management fees if you hire someone.6.
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23 October 2024 | 15 replies
Wow I'm impressed.
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24 October 2024 | 13 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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16 October 2024 | 3 replies
What a good app to keep track of leases with tenants and collected rent money each month and automatically apply late fees if they don't pay on time?
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24 October 2024 | 19 replies
One to hold all the security deposits and the other for collecting rent and paying your bills.
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21 October 2024 | 2 replies
Most users may not visit a 3rd party site, and you could collect some answers by asking for genuine feedback here on the forums.
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22 October 2024 | 4 replies
Hire a property manager.If you choose to self-manage, be prepared to handle tenant comms, maintenance requests, and rent collection.
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24 October 2024 | 55 replies
The coach would have made $1,000,000 that year through coaching by helping 90 students buy 180 properties gaining a total of $7,200,000 collectively through one on one coaching.