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21 January 2025 | 11 replies
When we collect the holding deposit, if the tenant does not move in as they have agreed they forfeit their deposit and their application is revoked.
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15 January 2025 | 15 replies
Why spend 12% for someone to manage a property in good shape where you just collect rent and respond to an occasional need?
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13 January 2025 | 6 replies
For example, if you don't specify if a certain item is reoccurring or 1 time, you can't collect it.
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6 February 2025 | 42 replies
You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.
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12 January 2025 | 1 reply
I like that it’s an all-in-one platform for tenant applications, rent collection, and maintenance requests, which helps keep everything organized.
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17 January 2025 | 13 replies
(We are working on a generalized survey to collect info on our buyers/potential buyers so we can make sure we understand who our customers are while trying to dial in their preferences and patterns.)You are doing great things.
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23 January 2025 | 9 replies
.), Peter Thiel (Palantir, Founders Fund; Palantir valuation: $45B), Reid Hoffman (LinkedIn, acquired by Microsoft for $26.2B), Max Levchin (Affirm, valuation: ~$5B), and others like David Sacks (Yammer, acquired by Microsoft for $1.2B) and Steve Chen/Chad Hurley/Jawed Karim (YouTube, acquired by Google for $1.65B), who collectively shaped the tech industry through groundbreaking venturesHigh performers who push one another, often go farther than solo business owners.
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22 January 2025 | 20 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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14 January 2025 | 9 replies
1) Yiu REALLY need to know what CA will allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options.
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23 January 2025 | 10 replies
I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.