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22 January 2025 | 15 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.
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29 January 2025 | 16 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.
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10 February 2025 | 59 replies
The surplus line broker shall collect the Ohio tax of five percent of the amount of the premium for the insurance policy at the time the insurance policy is delivered to the insured."
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28 January 2025 | 15 replies
If you are not out by the deadline or the property is damaged, this agreement will be void, and the Landlord will pursue legal means to evict and collect all unpaid rents, plus any other charges owed."
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3 February 2025 | 15 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.
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21 February 2025 | 182 replies
They built out the infrastructure of the land in 2023 but never collected their applied for permits to actually build homes.
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25 January 2025 | 4 replies
@Ashley Kehr I use a combination of Apartments.com for rent collection, RentSpree for tenant and background screening, and Stessa for accounting.
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19 January 2025 | 17 replies
If it would concentrate on rent collection only and do it well, it might be okay.
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24 January 2025 | 5 replies
Highly recommend (I require) collecting first month's rent prior to handing over keys.
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4 January 2025 | 9 replies
@Adam BartomeoAny recommendations for the collection agency?