Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Robert Sorrels Won Foreclosure Auction! Now what?
10 June 2024 | 39 replies
This means you aren’t on title at all as the vested owner and you can’t obtain secured financing
Jake Harrington Is hard money recommended for your first flip?
8 June 2024 | 21 replies
, what made you feel secure taking the leap with hard money and going after that first flip.Partnering with an investor or doing seller financing would be ideal, but I'm still growing my network by cold calling other investors and real estate agents and attending local events.
Edward Schenkel Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
This will help you to make certain that your loan will secure adequate value.
Patrick Goswitz Squatters | Utilities | Security System
5 June 2024 | 5 replies
I don't see why I would for the squatter but I want to make sure they don't have some way of coming after me in court.Also what is a good security system people use for flips?
Kris Villasenor Getting started and assessing potential + challenges
8 June 2024 | 1 reply
I've also had it suggested that I should use my land to secure a loan under 100k, given my debt.
Tyson Scheutze The Price of Property Management
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.
Brice Alef-Torrisi New Renter First Month Rent and Security Deposit Handling
5 June 2024 | 4 replies
She moves in mid-June so I collected the Security Deposit and First month's rent ($1200 sd + 800 for the 1br).
Daniel Okeefe credit screening tenant
8 June 2024 | 4 replies
Quote from @Daniel Okeefe: It could be a simple typo in the social security number or something else on the app.
Ryan Daulton Tenant property destruction
7 June 2024 | 7 replies
Some policies provide even more coverage than a typical 1-month security deposit amount.3.
Don Konipol Top Ten Questions Asked On Bp That Have No Chance Of A Beneficial Answer
10 June 2024 | 35 replies
Invest in syndication, for a guaranteed income, it's secured by real estate you know, imagine 123 Main Street New Yor as collateral.