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7 October 2024 | 8 replies
There are so many mom & pops who do manual rent collection, and whose goal is to stay at 100% physically occupied!
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8 October 2024 | 4 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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6 October 2024 | 9 replies
What the law says is often more of a last resort than a first option initially when there is a dispute because enforcing your rights in court and collecting afterwards can be costly and difficult. 2.
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7 October 2024 | 3 replies
Our property manager mentioned that they cannot collect rental income for one property and divide it between multiple SSNs.Here’s their suggestion: "They are operating a business, and the IRS considers it a partnership.
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14 October 2024 | 420 replies
And None of them can seem to verify a property they have actually bought.I watched a few of his videos and I was not impressed with the focus on over leveraging and using unsophisticated lenders in 2nd position while not using escrow or title.
8 October 2024 | 8 replies
You can deduct that from their security deposit, send to collections or sue them.
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5 October 2024 | 1 reply
That’s impressive, especially with a small multi-family property.
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7 October 2024 | 3 replies
Set Up Automatic Rent PaymentsGone are the days of collecting rent checks.
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11 October 2024 | 17 replies
So, while this information is important to collect and consider, you can't fully rely on these metrics to tell the full story.
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7 October 2024 | 4 replies
Most S8 tenants have a history of bad decisions, often having convictions, evictions, bankruptcies, chargeoffs, collections, garnishments, etc.