Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
.- >65K in rent collected- having someone to bring in Amazon packages when it is raining outside- generally having someone to watch over the property when out of town oftenI think the headache is worth it.
Andrew Rodriguez
My Involvement in Fixer Upper
13 January 2025 | 9 replies
.- Ask attorney how you can enforce collecting on the lien when you need to.3) Getting full control of the property, while allowing your aunt to keep her ownership.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
US military or civil service or other government renters are low risk, high collectibility, steady flow. 8.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
Do they offer to help you collect or file a claim against them?
Brandon Weis
How to Ensure Tenants Get Renter's Insurance
30 December 2024 | 6 replies
If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
Grace Norton
Help! Need advice - screening my first tenant
27 December 2024 | 9 replies
What if they have collections or judgments?
Torrean Edwards
TR, I am an investor from Milwaukee.
27 December 2024 | 27 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.
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.
Eric Andersen
Looking for help with Dallas/Fort Worth (DFW) short term rental market
11 January 2025 | 11 replies
Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.