Jackson Pudlo
First Time Real Estate Buyer - Seeking Advice on Single Family VS Mutli Family Units
15 January 2025 | 3 replies
I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.
Jennifer Allen
Triple Net Lease - When to pay property taxes
27 December 2024 | 2 replies
After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?
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!).
Nadia Jones
CRE Fund vs JV: Seeking General Information and Guidance for Setting Up
26 December 2024 | 2 replies
While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 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.
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
It markets our properties, screens our tenants, collects our rent, deposits it into our bank accounts, has full accounting and reporting features, has a tenant facing web portal & app where tenants can log in and report maintenance issues and see their account, etc, for $2/door/month - but they have a $45 minimum monthly fee... so up until you cross 22 doors it would be $45.
Sophanara Khoeun
New to Investing: Repairman? & Hire or Not to Hire a Property Management Company
27 December 2024 | 9 replies
With a 9-5 job too busy to catch a breather, being that it will be my first rental property would you recommend finding a property management company to oversee the investment property OR create a profile on a property management platform, I am thinking about Avail unless there is a better platform, to collect rent and hire specialist as issues arise from tenants?
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
Do you have proof of loan approval?
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
15 January 2025 | 18 replies
As the above paragraph says they assume you may have UNINTENTIONALLY discriminated, so the burden of proof is largely on your shoulders.
Robert Lindsley
Tenant with two pitbulls
6 January 2025 | 25 replies
If you allow pets, your lease should require proof of licensing, regardless of breed.If the owner lets them run, with ensuing "incidents," I guarantee that violates city statutes.I (personally) would advise getting rid of the tenant.