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28 September 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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27 September 2024 | 4 replies
Good morning, I am currently using Turbotenant for tenant screening/rent collection and reminders, and lease creation.
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27 September 2024 | 15 replies
In addition to organized bookkeeping, Buildium provided other benefits that accounting only softwares do not, such as lease renewals with esignatures, maintenance requests, a tenant portal for rent collection, 1099 preparation for vendors.
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1 October 2024 | 37 replies
I even do my own taxes on turbo tax, but use management software to collect rent and track expenses.
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28 September 2024 | 12 replies
These are building improvements that likely won't impact your rent collection but you are still obligated to share in the costs.
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2 October 2024 | 71 replies
Flip props, and collect the rent
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27 September 2024 | 12 replies
I've toured their office and warehouse space and I was pretty impressed.
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27 September 2024 | 6 replies
When our tenants move in, we collect the first month’s rent along with a one-time, non-refundable move-in fee that’s typically a little less than half of the monthly rent (for example, $600 for a $1300 rental).
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27 September 2024 | 4 replies
Most have also been impressed to see this can be done on new construction properties.
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26 September 2024 | 12 replies
you should collecte deposit the moment the lease is signed or 24hours max. no deposit, the lease is void.