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12 September 2024 | 3 replies
Also note if the listed rent changes.Our actual vacancy of less than 10% has closely tracked the data I collected this way.
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20 September 2024 | 114 replies
I also subscribed to RankBreeze ($80 per quarter or $27/month) and have a StayFi router to collect guest contact information ($15/month).
15 September 2024 | 33 replies
However, the possibility the former owner or one of the lenders will claim service was improper is one of the reasons title insurers are reluctant to allow a policy to be issued w/o a quit title action being completed first.It's a good idea to ask the title agent for a commitment that will show the requirements for the issuance of a policy w/o exception for other interests.I think almost 100% the mortgages are gone with a properly notice tax sale.. and in most states I work so are the utls. they try to force you to pay them but if you push back and or know they cant try to collect you just need to push the point.. while banks will normally pay tax to protect their interest sometimes they dont like in this case..
14 September 2024 | 12 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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13 September 2024 | 12 replies
@Josh AljetsCash flow is great, if you can collect it.
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12 September 2024 | 58 replies
I do have an onsite manager that collects rents and shows the units for discounted rent.
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13 September 2024 | 20 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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12 September 2024 | 4 replies
A refrigerator replacement will cost you $600 whether you are collecting $300/mo or $3,000/mo.
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15 September 2024 | 22 replies
In order to sell or refinance the home, you will have to pay off the amount owed to the program.People are led to believe they can write off the cost of your payments [principal + interest] on your taxes because they attach the debt to the property tax collected on your home.
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11 September 2024 | 10 replies
The eviction paperwork process should be considered separate from your continued rent collection process.