Paige Kehoe
Back office systems and tools for self property management
3 August 2024 | 10 replies
Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system: ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?
Sean Wilt
HELOC out of STVR Property
2 August 2024 | 5 replies
I only know of one local bank who will, and with them, it's a commercial line of credit floating at Prime + 2.5% (11% is the indexed rate) and it has to be renewed every 2 years, including a 24hr rest.
Juan A. Ortiz
Mortgage Lenders in Dallas, TX
30 July 2024 | 8 replies
Layer in any aspects of buying anything that may involve an ADU or you float up to FHA 2-4 and separation will happen with experienced lenders.
Alex Washburn
Financing Foreign Purchase - Costa Rica
28 July 2024 | 14 replies
Both Prosper and Lending Club offer loans big enough to cover your 50% down payment.Something I would never recommend to most people, but as a last resort -- if you absolutely knew you COULD pay it off any time you wanted, you could put the down payment or at least a big chunk of it on a credit card and float it between 0% balance transfer offers until you get it paid off.
Chris Seveney
My Top 5 - 2024 Predictions in Mortgage Note / Lending Space
2 August 2024 | 53 replies
Because with really cheap $$$$, one can "float" the averages of rent revenues over longer time periods for profitability.
John Kunick
Rent Control and Other Government Policies
25 July 2024 | 2 replies
Our current president is supposedly floating a policy idea of rent control to no more than 5% annually.
Andres Mata
01/2024 - Thoughts on Syndications / Investment Clubs
26 July 2024 | 49 replies
When it’s smooth sailing, we tend to float along, feeling good about ourselves and our investments in real estate, the stock market, crypto - any asset class.
Adam Pervez
Mortgage rate at 6.5-6.7% for a 5% down
22 July 2024 | 9 replies
Hi,I have worked with a few lenders and have been seeing rates for a 5% owner occupant conventional loan floating around 7.1 - 7.3%.
Chris Lindemann
Long Term vs Short Term
22 July 2024 | 9 replies
I’ve been floating the mortgage/hoa payments with the reserves stashed away from the previous tenants.
John Thedford
First National Realty Partners: Any Experience Or Knowledge
23 July 2024 | 32 replies
I just came across these folks through an unsolicited banner advertisement.