Sami Gren
WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
Same process as always, BG check and proof of income as most of the property owners I deal with require.
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
A “contract to hold” binder payment equal to a month’s rent would also be collected at that time.
Jemini Leckie
Out of State Cash Flow
15 January 2025 | 5 replies
The PM will also fix things when needed, using local handymen or contractors, and collect the rent for you.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
(Yes it still happens, but it is a lease violation, and we have a solid leg to stand on should we need to pursue eviction or collections later.)
Polat Caglayan
invest in detroit
8 January 2025 | 5 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.
Brett Coultas
New member introduction and host financial question
15 January 2025 | 6 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.
Gabriel D. Zapata
Notice of an Independent Solar Energy Producer Contract
2 January 2025 | 4 replies
Granite, I know CA tends to see a lot of this; more than likely due to a lot of people owning Solar.My question is the owner that has a lien status associated to this Lien description (Notice of an Independent Solar Energy Producer Contract), is this a standard practice of just owning Solar (thus wasting time prospecting these individuals) or does this simply mean they (the solar company) took out a lien against the owner because the solar company is trying to collect their money.
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
I should note that that I was using Baselane's banking service to collect deposit and rent, and had moved the funds immediately to my private bank after I collected (thank god!).
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
We (developer and all of us as consultants) were sued over this PE three years later, which I mostly believe is because they realized they had no 'proof' of the PE beyond the fact that we had shot holes in their AP until they acquiesced to PE.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
This site is proof of that.