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13 August 2024 | 14 replies
The challenging part usually is collecting on that judgement.
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13 August 2024 | 2 replies
If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?
15 August 2024 | 33 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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13 August 2024 | 55 replies
We've also started to make some collective investments and have some other ideas in mind.Write me if you want to participate.Which other activities do you do in other groups or clubs in your own areas?
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13 August 2024 | 10 replies
Will need some work to get it ready, and I'm collecting ideas to make it stand out.
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14 August 2024 | 26 replies
Also keep in mind that it can be hard to collect from tenants that don’t always have the means to pay their own rent if and when things happen.
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13 August 2024 | 3 replies
I also think the rules vary whether you collect other tenants rent or not.
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12 August 2024 | 4 replies
My previous bank would pay the taxes and insurance when due and collect those balances equally throughout the year.
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14 August 2024 | 12 replies
If you went to court you would be awarded money for their gossip that you'd likely never collect and you would be SPENDING MONEY to have a lawyer draft a NDA and to take them to court.
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15 August 2024 | 28 replies
And 20th percentile in a collection of properties that has doubled in size.It sucks.