John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
These companies should abide by whichever deadline falls later.Reporting companies that are created or registered in the United States on or after January 1, 2025 have 30 days to file their initial beneficial ownership information reports with FinCEN after receiving actual or public notice that their creation or registration is effective.As indicated in the alert titled “Notice Regarding National Small Business United v.
Damian LaGrange
Can't see my saved analyses from the desktop view
20 December 2024 | 1 reply
I can easily access them from my cell phone, just not my computer.
Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 replies
Wholesaling can be a great way to learn a market and build capital, but holding rentals can provide steady cash flow and equity growth over time—especially in markets like Detroit, where entry prices are lower and rents are solid relative to costs.If you’d like to learn more about navigating Detroit, feel free to reach out—I’m happy to share some resources or insights from my experience.Best of luck in whichever direction you choose!
Makan A Tabrizi
Nail/Screw Holes in Walls
22 January 2025 | 39 replies
It's a little device you pair with your cell phone.
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
If that works for you, please reply to this email within 24 hours to accept this appointment and I will add you to the viewing schedule.Also, as a means of courtesy to both our busy schedules, please confirm via text or phone call at least 2 hours prior on the day of the viewing to my cell phone (number).I’ve also attached our rental application.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
The landlord shall not commingle such moneys with any other funds of the landlord or hypothecate, pledge, or in any other way make use of such moneys until such moneys are actually due the landlord;(b) Hold the total amount of such money in a separate interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects.
Chandra Faulk
How long does it take to find a qualified tenant?
27 December 2024 | 19 replies
So, even a small negative like a $50 unpaid cell phone bill that goes to collections when you switch carriers tanks their score.
Shaheen Ahmed
Positive Cash flow
18 December 2024 | 5 replies
Oh look, you get to deduct your cell phone, your internet, your tax prep, all kinds of other things regular people don’t.
Allison Park
Expectations of Investor Buyer's Agent
6 January 2025 | 15 replies
I don't want to sign an agreement with any one agent because I would be looking for which ever agent could bring me the property fitting my requirements.