Molly Hane
Looking for your advice on this deal (my first property)
3 December 2024 | 8 replies
I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!
Kyle Jacques
What is the best software for managing STR?
7 December 2024 | 15 replies
Nice user interface, simple to set up, free door lock automation.We migrated to OwnerRez because we wanted a direct booking site and security deposits.
Nancy Almann
Tenants "out' of the rental, 'but we still need to clean!'
2 December 2024 | 3 replies
That would allow you to dock their security deposit more than just for the prorated rent for those few days.
Sunny Chen
Investing in an Appreciating Market: How is Dallas Performing?
26 November 2024 | 10 replies
Also the Adelson family of Las Vegas Sands fame have purchased a couple of big parcels with hopes to build a giant casino/convention resort perhaps anchored by the arena for the Mavericks for which they also just purchased majority ownership from Mark Cuban.
Lisa Fondant
Jerry Norton programs ($10k finder fee - Powerflipper)
10 December 2024 | 104 replies
. $1000 deposit required that is refunded on your first successful deal.
Paris Sithi
What's the best way to screen and protect the event space?
30 November 2024 | 1 reply
From my point of view for event guest screening and security deposits, Superhog is reliable and integrates well for STRs and events, but you might need to adjust its setup for your use case.
Andrew Garcia
Renting out your primary home
3 December 2024 | 12 replies
Once the municipal/state requirements are all set, do a thorough screening for any prospective tenants, have a solid lease ready to go, and take move-in pictures to have on record for any security deposit deductions after they move out.
Xuming Yu
Tenants send in request after signing Contract
4 December 2024 | 7 replies
You may or may not wish to fix it since its likely too late to charge the last tenant's security deposit for it and also that it sounds so minor that people didn't even notice it right away.
Quentin Lee
First Deal Advice
5 December 2024 | 5 replies
Since you have 10k liquid, I would reach out to other investors in the area and see if they might need private lending for earnest money deposits until you are ready to buy your first property.
Angie Y.
Applying Deposit Towards Rent
22 November 2024 | 6 replies
The security deposit should never be used for anything during the lease.