Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
We have always asked for a bank statement, so we can cross-reference payroll deposits.
Brandon Morgan
is an LLC necessary?
16 January 2025 | 29 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
Briley Roe
Dscr investment rates high
2 January 2025 | 12 replies
If you put down an earnest deposit, you might lose out on that if you decide to back out(potentially). look at the agreement.The more important thing is, do you quality for conventional financing?
Troy Parker
Renting your first rental to a friend
15 January 2025 | 10 replies
Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).
Dominic Holt
Property Management Recommendations AZ?
31 December 2024 | 10 replies
-When a tenant moved out, the management company refunded their security deposit but failed to account for damage, such as holes in walls and outlets ripped off the walls, leaving me with repair bills and also tenants moving in without the repairs being done.Stuff like this that is consistent and when I ask questions they are defensive, when I ask for more quotes for high ticket items they are defensive.
Jaron Jackson
How to get rent payment from previous owner?
10 January 2025 | 8 replies
I'm not sure what leverage you would have outside of taking legal action, these are generally things that should all have been on the closing statment along with deposits etc.
Cody Maxwell
SPEC homes line of credit
29 December 2024 | 7 replies
WE get our spec loans from local community banks that specialize in lending to business's in the community.. they are not retail banks they are not looking to amass huge small time checking deposits..
Andrew Lawlor
STR to Custom Home Builds
17 January 2025 | 19 replies
. :) these are not credit score loans ( I mean I have a credit score) but thats just a formality its all about capital and relationships with your bankers and deposit relationships thats key as well.Yes your relationships with sub contractors will be a huge factor in profitability, both direct and indirect.
Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.
Colton Bridges
How to refi out of hard money loan/multi unit
21 December 2024 | 24 replies
If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?