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3 February 2025 | 3 replies
I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)- If they use autopay for timely payments, they pay just the base rent ($1,000)In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.Please let me know if any software comes to mind and also any feedback on the positive incentive idea.Thanks in advance!
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19 February 2025 | 4 replies
They said they'd accept a 6 month term instead, but they're not being very forthcoming about what their sales record has been (I asked for the last 12 months just to get an idea, but they ignored the question :( ) and I'm getting a not-so-great feeling about working with them....The home is 2-stories, attached garage, 4bd 3ba, 2269 sqft and sits on a corner lot with a huge backyard (lot is approx .13 acres or 5662.8 sqft).
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19 February 2025 | 12 replies
Neighborhoods there are usually in better shape (although Baltimore is very much block by block), and in my opinion, the quality of the tenant pool is much better.Oh, and great idea checking out the properties in person—the pictures you see on the MLS can be very deceptive lol.
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23 February 2025 | 25 replies
If not, then selling is a good idea irrespective of the real estate.
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15 February 2025 | 77 replies
That's a good idea.
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11 February 2025 | 5 replies
Obviously it is always a good idea to respect folks time, but find someone who also has skin in the game, investing where you are investing, can talk about their experiences, and also has built a network of folks who can support you after the transaction as well.
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4 February 2025 | 0 replies
Let's share ideas!
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16 February 2025 | 26 replies
I think the idea of owning 100 doors is crazy.
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4 February 2025 | 4 replies
I know leaving a w-2 isn't an overnight change, but I love the idea of financial independence and would love to not be reliant on it.
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21 February 2025 | 4 replies
I have a few ideas of what you could do but it depends on what your property might be able to rent for.