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14 October 2024 | 22 replies
If you are focused on getting multiple assets at once, consider this:1. you really don't have enough available capital to do this safely right now and you will buy cash flow properties with cap ex which you will need reserves for2. you need $15-20k in reserves for each property you buy so factor that in3. when you try to buy multiple properties to start, you end up missing the mark on your first one because you are collecting and not curating your portfolio
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9 October 2024 | 8 replies
Never have rent collections that drag more than a few weeks.
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6 October 2024 | 1 reply
Property Management Software: If managing rental properties, use platforms like Buildium, AppFolio, or Yardi to automate rent collection, maintenance requests, and tenant communication.
10 October 2024 | 0 replies
When it comes down to it, let’s say that the child support income is less reliable than you initially thought, and you decide to evict a tenant and collect the balance due.
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4 October 2024 | 4 replies
Does anyone have any recommendations on who to contact for collections?
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8 October 2024 | 15 replies
The sooner you get into the property, the better, to plan for these events.I don't think it will be the end of the world if it has to happen next day, but that's certainly not optimal.
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9 October 2024 | 11 replies
Services Offered: - What specific services do you provide (tenant screening, rent collection, maintenance)?
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7 October 2024 | 1 reply
Missed out on the great COVID rates, had to take out a mixture of Fannie and DSCR loans to close, with sub-optimal interest rates, maybe in the 7s to 9s.
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11 October 2024 | 8 replies
What if they have collections or judgments?
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9 October 2024 | 0 replies
This one is different as it uses wood slats instead of the metal wires but all the reviews are pretty positive.The only issue I would guess is dust collection on the fabric headboard.