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15 August 2024 | 86 replies
The rent from 4 houses covered the mortgage for 5 over the last 18 months I’ve been dealing with an appealed eviction and the court collecting and holding the rent.Everything I bought rented for 1% to 0.65% of the initial purchase price (more now).
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13 August 2024 | 27 replies
Here are a few stats for the Jacksonville market and the rental portfolios we manage (over 4,100 properties):Property Management:- 98% rent collection- 672 homes rented with an avg duration of initial lease of 26.5 months - 581 leases renewed- Avg duration of resident stay of 54 months- Current occupancy 99%- Rents have rise 8% year over yearJax Market:- Med home sales price - $300k- Homes on market - 4,264- Home sold month prior - 1.17- Year over year appreciation - 15.7% I just did a Jacksonville Real Estate Market Update on our weekly show and I do it every quarter.
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12 August 2024 | 20 replies
I know some parents collect rent, but put it in a special account for when their kid moves out and the kid can use that as a down payment for a home.
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12 August 2024 | 10 replies
I am extremely handy with a vast collection of tools so can perform improvements myself.
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11 August 2024 | 4 replies
They then informed me that I could either move forward with the management services, with a nominal discount of $110 for the error, or revert to the Lease Only Option and have the lease transferred to me without any security deposit, as none was collected by the property manager.This mistake has left me in a difficult position.
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12 August 2024 | 6 replies
There are model programs with all the major MHP builders to bring out models to your park, then you can sell the unit, and collect your lot rent.
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11 August 2024 | 12 replies
Collections is a big part of land lording, get use to it.
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11 August 2024 | 0 replies
I have no need for the rent collection or tenant screening as this is a function my property manager does for me.
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12 August 2024 | 19 replies
But if you want access to the benefits that people like me have contributed to, and collectively spent decades and god knows how many millions of dollars building, why would you think you should get access to those items for free?
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10 August 2024 | 8 replies
For rent collection, sending an invoice on the 20th greatly helps with getting paid on the 1st.