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7 November 2024 | 15 replies
Today was a month since notice so i called local court and figured out paperwork to file. while looking through bank statements i realized that he has been zelling me random amounts for rent since august and i learned today that if he makes even a dollar payment it voids the eviction process because i "accepted partial payment" according to some regulations in arizona.
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3 November 2024 | 15 replies
For actual property management software I now use RentVine and have been very happy, although it doesn't do the business bookkeeping as well (still need QBO, and separate bank accounts, for that).
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2 November 2024 | 8 replies
Consider commercial or portfolio financing from one of the following lenders:Portfolio lendersRegional banksCommunity banksCredit unionsNon-bank lendersCommercial lendersPrivate or hard money lenders
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1 November 2024 | 5 replies
Failing to budget correctly for repairs or not accounting for unexpected expenses can cause you to go over budget.
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8 November 2024 | 53 replies
The point isn’t whether he should quit because the odds are tough or because the majority might fail—it's about guiding and supporting those who are eager to learn, not discouraging them.
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1 November 2024 | 2 replies
Especially if you’re interested in finding off-market gems.About your first few questions when it comes to bank accounts and loans, there’s no special “land flipping” bank account, but you want one set up specifically for your real estate activity.
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1 November 2024 | 7 replies
It also sounds like this is a newer venture for you so unless you have a key partner with experience banks will also factor that into their loans.
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31 October 2024 | 23 replies
You can include a steep penalty per day that you charge if they fail to move out by the agreed-upon date or hold more money in escrow if you don’t trust them to move out.
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4 November 2024 | 8 replies
I also let him know that I would need 3 months of bank statements showing deposits going into his account from the business.
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26 October 2024 | 6 replies
I have no idea why (never had a single fraud issue), but after spending several hours going down the rabbithole of figuring why this happened, we just want a solution.Some of the other banks we are with seem to make it overly complicated to have more than a single account.Any recos?