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13 November 2024 | 8 replies
(Still awaiting Seller to confirm report it’s been done as she agreed to the inspectors recommendation but has mentioned she’s not replacing it) In additional to the foundation has shifted and need reconstructed due to a lot of slopping in the home (My agent said it comes with wear and tear, so they might argue that their not going to fix it so I didn’t put it on the IRSA to repair).
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14 November 2024 | 25 replies
You can definitely integrate Zelle/Venmo into your systems but there's easier ways. 100% agree with this explanation BUT I think there is a sweet spot not mentioned.
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14 November 2024 | 8 replies
Not sure if we can mention names specifically here in the forums so you'll want to search Google for rent collection for landlords or similar.Highly recommend having security deposit and rent hit a separate bank account from your personal.
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15 November 2024 | 6 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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14 November 2024 | 11 replies
As others have mentioned you could have a conversation with your tenant(s) about splitting the cost.
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14 November 2024 | 9 replies
Property manager had pest control come and they mentioned “partial exclusion” on an invoice, and calling the pest company I found records that they sealed up those drains.
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14 November 2024 | 12 replies
The books mentioned above are a great place to start!
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13 November 2024 | 11 replies
As River already mentioned, I would also suggest looking into meetups as well to continue to learn and grow your network.
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19 November 2024 | 26 replies
Quote from @Michelle Glover: I would say challenge it, but sounds like Kevin mentioned it changed with regards to challenges.. what changed?
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15 November 2024 | 8 replies
As @Chris Seveney mentioned there is not really enough equity in house 3 to get a meaningful LOC. even if you were able to leverage enough to pay off House 2 the new rate you would be paying would be higher than the existing mortgage, so you would still be behind overall.Your ROI on those payoffs vs keeping money in index funds is not very good either.Lastly, remember that cash flow from rentals can seem good until it’s not.