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24 October 2024 | 7 replies
Key features include:- Automated rent collection, late fee processing, and lease renewal reminders- Marketing your units across multiple sites (zillow, apartments.com, etc.)- Integrated compliance module for local ordinances and regulations- Customizable reporting and analytics dashboards- User-friendly interface for landlords and tenantsMy goal is to empower landlords with efficient, cost-effective tools to manage their properties, minimize risks by being updated with all the regulations in their markets, and maximize returns.
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29 October 2024 | 33 replies
I am sure many would consider other investment strategies besides continually recycling their capital collecting homes that are propped up with appraised values that are not attainable if the properties were marketed for sale.
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27 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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30 October 2024 | 21 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 | 35 replies
We have only had one tenant that we did not collect every dollar owed and they moved OOS.
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29 October 2024 | 15 replies
If the taxes were increased and the escrows that were collected up to that point were insufficient to cover the new tax bill, then your future mortgage payment will increase by an amount that will cover the new tax bill AND make up for the shortage from the previous payment.
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19 October 2024 | 14 replies
Am I the only one having the problem of rental collection.
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25 October 2024 | 22 replies
By extension, other California tenants living in municipalities that have rent control laws are likely protected to the extent the landlord was relying on the same Costa-Hawkins exception as the landlord in Owens and operating under a similar leasing arrangement.
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23 October 2024 | 2 replies
I can see exactly how much rent I'm collecting, what my costs are, and even how much profit I'm making on each property.
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21 October 2024 | 24 replies
I do have an eviction lawyer, Brian Heckman if you have ever heard of him.I’m doing extensive remodeling, it’s on knob and tube, over 100 years old building and plumbing, so about 2-3 months renovations.