Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
If the tenant can’t prove the dog qualifies as a service animal or ESA, then it could be a lease violation.It’s a good idea to request documentation in writing and confirm its legitimacy.
Madison Sloan
Newlywed rookies close-ish to first purchase
18 January 2025 | 9 replies
Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.
Mark Sullivan
Add to the Portfolio or Swap
20 January 2025 | 12 replies
That said, if you can afford it and have the reserves, and more importantly think you have a decent chance of increasing revenue with the vacant units then I'd probably go for it.
Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it.
Paul Stewart
Debunking the Easy Money Myth
24 January 2025 | 4 replies
Once we changed to charging a fee, proof of ability to close, good income, a sizable reserve and reasonable credit, the students not only started taking the training seriously but actually began buying properties for their retirement.
Marc Shin
Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
I have done over 30k reservations and only had 1 instance of a guest causing above $10k in damage, so not sure how worth it is to pay for additional coverages.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
If you want it confirmed - then yes, confirmed, assuming that we're talking about a property that will be held as a rental.
J.P. Coghill
Appfolio On Boarding
15 January 2025 | 8 replies
Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.
Kiley Costa
Pay Off STR or Invest in Another Property?
11 January 2025 | 9 replies
Then the rest of the time, the net income goes 50% reserves, 50% towards 2nd rental property.
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
26 January 2025 | 51 replies
Quote from @Paul Azad: Quote from @Geri Randall: BUYER BEWARE: Goodegg distributions "paused"Goodegg has stopped distributions on the offering I bought a couple of years ago, called Congaree Villas, and has not been forthcoming with revised financial projections that explain why it has done so--even though it says the property is still cash flow positive and has adequate reserves.