
19 June 2024 | 12 replies
Schedule a time to visit the rental and do a walk-through to ensure it is safe (no running water, temp adjusted, trash hauled out, etc.) and secure.

18 June 2024 | 14 replies
It helps getting a good deal on a property and securing financing.

19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.

18 June 2024 | 8 replies
My assumption is that she'll say 30 days is not enough time to find a new place (if she can't promptly pay her under market rent, how will she come up with first and security deposit elsewhere), will not finish paying her May rent and won't pay June either so trying to see if it's best practice to have that eviction filing in process as an incentive for the tenant to move along quickly.As a note to others in a similar situation, what I've read here in the forums that I didn't adhere to was "stick to the lease" and if someone is a consistent problem, they're not going to turn on a dime and get better, you have to protect your investment and part ways when things aren't working.Any insight appreciated.

18 June 2024 | 10 replies
There's zero security if payment is accidentally sent to wrong person.

18 June 2024 | 8 replies
Make sure you aren’t “selling securities” or it’s going to get expensive.

18 June 2024 | 11 replies
Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

17 June 2024 | 2 replies
I say you don't need to consider security cameras (or even trail cameras)- but you could put fake ones out or if you had wifi on site o(r wanted to go the sim card/monthly route), that's not an expensive option either.

17 June 2024 | 27 replies
They will not issue a security deposit check they will only give you a voucher letter to submit a claim.

17 June 2024 | 12 replies
If you wish to pursue damages/rent that exceed any security deposit make certain you get their new address so that they may be served notice of this lawsuit (this is often the sticking point in many eviction situations).