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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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25 September 2024 | 7 replies
But one thing we do is if the project is extensive (which usually means more potential surprises), we'll have our service providers walk the property with us and provide more accurate estimates on their SOW.
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26 September 2024 | 0 replies
The process of managing this project was smooth, thanks to my extensive experience managing investment flip projects for other investors.
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28 September 2024 | 21 replies
It's important to note that some of these accumulated fees and charges that make up the payoff amount may not be collectible.
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27 September 2024 | 6 replies
.- Walmart has just opened up a brand new distribution center consisting of 2.6 million square feet, and provides more than 750 new jobs.Economic Information -The City of Mobile has seen extensive revitalization and tremendous economic growth:Business/Corporate Sector- Construction of a new Airbus jet assembly line at the Mobile Aeroplex at Brookley should move forward rapidly during the coming year.
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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 | 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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25 September 2024 | 0 replies
Springfield - Inspired the Simpson's..extension of Eugene.