
10 June 2024 | 20 replies
Forgot, if you get a 3rd party doing the billing, make sure they do collections also.

12 June 2024 | 20 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

10 June 2024 | 15 replies
You can optimize the property.

10 June 2024 | 5 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

6 June 2024 | 6 replies
Does anyone have any recommendations for how to collect monthly rent payments digitally into an established account?

12 June 2024 | 47 replies
While asspro works by reducing the target on your back (and by making it harder to collect if it gets to that), unless you structure the whole thing very well, and have your lawyer/trustee sign all your documents throughout all your transactions, from the beginning, you will leave a paper trail behind yourself, relatively easily identifiable if you become the target of an educated person. c.

9 June 2024 | 6 replies
I am seeking a property management tool to schedule showings, screen tenants, collect rent, and allocate maintenance requests to one centralized platform.

12 June 2024 | 27 replies
Connect the green to white.I've had hundreds of signatures and never been able to collect from anyone.

8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

10 June 2024 | 6 replies
Numerous investors have collectively made millions, scratch that, billions by getting in at the bottom of a market cycle and exiting at the top.