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30 January 2025 | 0 replies
I am trying to automate my data collection through excel.
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14 February 2025 | 8 replies
So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.
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4 February 2025 | 6 replies
This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.
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13 February 2025 | 9 replies
For this strategy you would distribute the property to partners based on their ownership share, dissolve the LLC and then partners collectively sell the property.
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6 February 2025 | 7 replies
As for brand...highly recommend the Hydropool Serenity Collection!
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23 February 2025 | 9 replies
You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.
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23 February 2025 | 9 replies
What if they have collections or judgments?
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7 February 2025 | 12 replies
They're better at collecting rent and charging late fees than most owners ever are.
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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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29 January 2025 | 0 replies
Because instead of collecting one rent check per month, you’re collecting multiple payments from different tenants.