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3 October 2024 | 26 replies
I've been watching the appreciation and collecting rent ever since.
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23 September 2024 | 5 replies
Does any one have a collection agency in the Connecticut area for rent collections.
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30 September 2024 | 10 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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30 September 2024 | 4 replies
The HML as you know never leave their office.. they collect data just like a bank does order the appraisal and all that jazz we dont do any of it.. we will run criminal though we dont want to be funding any bad actors or dead beats.
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29 September 2024 | 17 replies
It would have been 10k more and at the time I did not see the point, in hindsight I should have.Today I think of my portfolio more of a collection and when I look at a property my main question is if this is something I will be happy that I bought it ten years from now?
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30 September 2024 | 12 replies
As others have said, this is a business and needs to be run like one.At Keyrenter North Jersey Property Management, we follow an established process for rent collection.
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30 September 2024 | 16 replies
In Georgia, the local tax commissioner office (separate from the tax assessor's office) handles collection and tax sales.
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29 September 2024 | 13 replies
Originally I was also hoping to find a package that would do more of the property management basics for me, like running ads, screening tenants, collecting rent, collecting e-signatures, etc.What I found after months of looking is that there is no one-size-fits-all platform out there.
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30 September 2024 | 8 replies
This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.
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25 September 2024 | 14 replies
Attending these events are REALLY important (I can find my first mentor, network, collect business cards, etc), but I'm held back by my situation. - What is the optimal way to fund my first deal?