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11 October 2024 | 8 replies
In my own experience, when a tenant needs 2 jobs (not 2 people have 1 job each) just to make rent standards will ensure frequent repeated late rent payments.Consistent long paying jobs and income history is more indicative of stable rent collections.Keep looking.
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10 October 2024 | 8 replies
It puts us a little behind at the beginning of each new year but honestly, I think it brings everyone back refreshed and more efficient when they do come back and we also take that time off so it's nice to know that I'm not ignoring emails from them.I've heard good things from other investors that have used Rocket Station and Hire Train VA to find theirs but I can't speak to that experience personally.
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20 October 2024 | 147 replies
I will advise the Reafco agents who post on the forums to ensure they are adding value and not simply repeating what other Reafco agents have already said in the thread.I think a lot of the issues are the ones who are making widespread statements about the area or their investors that they can not back up.
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9 October 2024 | 1 reply
Maintain transparency by clearly outlining loan terms, interest rates, and repayment schedules, and ensure consistent communication throughout the lending process.
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9 October 2024 | 8 replies
However, landlords must ensure that their late fee provisions are "reasonable" and do not violate the state's usury laws, which prohibit excessive interest rates and charges.Under Maryland law, commercial landlords are required to give tenants at least 45 days' notice before increasing rent or changing other lease terms, including late fees.
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9 October 2024 | 0 replies
My agent, for instance, called me just days before a storm to remind me I could still bind policies and even updated some coverage to ensure I was fully protected before the storm hit.
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10 October 2024 | 10 replies
You'll need to get good at analyzing rehab costs and predicting after-repair value (ARV) to ensure your margins are solid.To get started, immerse yourself in real estate education—read books, listen to podcasts, and use BiggerPockets to connect with experienced investors.
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10 October 2024 | 2 replies
But looking back, I can’t help but wonder why my agent didn’t advocate to ensure the property was clear for a proper inspection.
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9 October 2024 | 2 replies
Manage cash flow by cutting non-essential costs, making the property energy-efficient, and offering flexible lease terms.
9 October 2024 | 1 reply
However, it's important to note that the lender may scrutinize this to ensure that the appraisal value supports the agreed-upon price.