
5 August 2024 | 2 replies
Would it be a beneficial/does it make sense to run the "business" transactions through the LLC (collecting rent, maintenance/repairs, etc)?

5 August 2024 | 0 replies
- How do you currently handle tasks like maintenance requests, rent collection, and tenant communications?

6 August 2024 | 54 replies
Maybe this is d class area where collecting rent has challenges, inspection should be done often, lots of tenant conflict, etc.

5 August 2024 | 3 replies
Is it legal for me to show the property to the prospective tenants as long as I don't collect commission or sign any paperwork.

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?

5 August 2024 | 4 replies
An example problem statement that I may have stated (and built the software for) in 2003, when I started investing full time: Build a tool for lead generation that collects county records from the county recorder's office (and property card data), finds the recent first mortgage defaults from trustees websites or public filings for properties that are between 1000 and 1700 square feet, in a neighborhood of 90% like-kind properties with greater than 20 parcels, houses built after 1978, that can cash flow at current rates when fully leveraged.

6 August 2024 | 15 replies
We collect all the necessary deal information upfront to give you the most accurate quote possible so nothing changes after the loan submission for underwriting to start.
5 August 2024 | 8 replies
What if they have collections or judgments?

3 August 2024 | 1 reply
My jaw dropped to the floor.LO at a big bank researched this extensively but concluded that this was not a mistake.

5 August 2024 | 9 replies
This is because insurance proceeds are the path of least resistance in terms of collection (more on this below).