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1 August 2024 | 12 replies
You'll also want to ask about the servicing process with these types of loans as the majority or lenders are going to be releasing your rehab in draws so making sure that the process to request this is fast and simple will make a big difference in your experience.
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31 July 2024 | 13 replies
I’m all for working with someone and meeting them where they to a degree, but something we’ve encountered is just simple lack of communication.
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31 July 2024 | 1 reply
Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.
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31 July 2024 | 7 replies
Create a simple lease amendment notifying the tenant of the Landlord Ownership change and that nothing else in the lease changes.Get this amendment signed by all parties2.
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27 July 2024 | 1 reply
I want to be able to send and receive customized docs and signatures in a secure and simple way for remote onboarding of tenants without ever having to wait for the mail or printing out multiple copies again.Currently using Baselane for banking, rent collection, and bookkeeping but it falls short on the tenant record features at the moment.
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2 August 2024 | 15 replies
Already working on a simple landing page for potential leads.I've explored all of the off-market avenues I could find and I guess I haven't been able to find the right deal from wholesalers and realtors.
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1 August 2024 | 15 replies
Maybe just a few simple swap outs could help?
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31 July 2024 | 3 replies
It's meant to confuse you what if you just keep things simple and focus on the fundamentals of running your business.
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1 August 2024 | 2 replies
This is where you will need DSCR, Portfolio, or a simple Blanket loan to put 10-15 properties into a true blanket/commercial loan.