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22 August 2024 | 5 replies
My mortgage would go up $781 for the next 30years, the ADU income would more than cover & I hope to pay extra principal to cut my loan time -it's just I was hoping to pay off ADU within 5.5yrs- so that I can collect 'all' ADU income at that point <I'm fixed income & I lose 'some' personal income in 5yrs so trying to plan ahead on how to recoup that>.
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21 August 2024 | 16 replies
This way, the cleaning fee gets sent directly to the cleaners, and now we only get our percentage of the nightly rate instead of going back and forth with the owners collecting cleaning fees.I own and manage a few short-term rentals in Indian Rocks Beach, Largo, and Seminole.
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22 August 2024 | 29 replies
[The property manager we work with has a $250 start-up fee, 8% of the collected rent, and a $300 tenant placement fee.
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21 August 2024 | 7 replies
This also comes with advantage of anonymity of owner and address.3) Operating LLC (Y) will be a single member Wyoming LLC and works as a Property Management responsible for day to day operations such as collecting rents, making mortgage/insurance/HOA payments etc on each LLCs (A,B,C) behalf.
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19 August 2024 | 3 replies
I have an eviction in process in Madison county IL (southern IL). Tenant did not pay May, June, July, or August. $1550/mo. Had court date 8/1, they no showed, so we have default judgement. Supposed to be out by 8/13, ...
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20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.
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21 August 2024 | 18 replies
but it's not 2016 anymore.it's just to pay the same, or less than, you would renting.I'm going to use simple numbers. say you could rent for $2000 a month, or you could house hack, and if you house hack, you'd still need to pay $1432 toward the mortgage after collecting rent. this is way, way better. why?
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21 August 2024 | 6 replies
And I use Baselane for for rent collection, banking, and accounting.
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23 August 2024 | 29 replies
My tenants all get along and the homes are very clean every time I pop in to collect rent in my lock boxes some people drop cash in.
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23 August 2024 | 181 replies
So true compliance is hard and expensive to achieve.Staying under the radar per collective thinking (not via statute or solid facts more like guessing) is; rent many phone numbers ($1/mo per number), send only 150(ish) SMS pre phone number per day.