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25 November 2024 | 19 replies
You want it to be easy for your tenants to use to avoid non-payment or technological issues on their end, too.
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22 November 2024 | 9 replies
Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.
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21 November 2024 | 25 replies
I didn't try too hard, but again, if somebody has had their hand in hundreds of houses you'd think they WANT a real and recorded public presence.
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21 November 2024 | 6 replies
It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.
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25 November 2024 | 16 replies
Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.
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19 November 2024 | 23 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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22 November 2024 | 7 replies
This will help limit your liability on the non-homestead property without affecting your exemptions.3.
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23 November 2024 | 20 replies
I read some old posts where folks have suggested using non locking door knobs is that something tenants like ?
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21 November 2024 | 18 replies
You couldn't pay me enough to do section 8, WAY too much work and BS with government people (who are hired idiots that have no clue).
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20 November 2024 | 8 replies
To keep my privacy, and my name and address off the public records, I used a registered agent for the LLC.