Benoy Varghese
Taking over property with Tenants
6 December 2024 | 2 replies
No, just inform them you are the new owner (they may want proof) and provide them with the address to send payments.
Josue Ramos
Best Markets To Invest
4 January 2025 | 35 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.
John Dallas
Wanting to retire with a few cabins in the Western NC mountains.
19 December 2024 | 8 replies
Build 2 or 3, get them running, collect some cash-flow, and see how the business goes.
Kiraat Boukhari
Unpaid rent collection
29 November 2024 | 3 replies
Tenant move out in the middle of eviction process and we are unable to serve him.Any suggestions on how to proceed with money judgement as we cannot locate him to serve him ? ( Des Moines , IA )
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
11 January 2025 | 67 replies
My strategy as an investor has changed over the years, today I look at real estate more like a collection of properties and less through the cash flow lens.
Brandon VanTuinen
First house hack - too expensive?
20 December 2024 | 9 replies
For example:Current rental unit: you collect $2500 in rent.
Josiah Horn
One tenant moved out suddenly leaving non performing tenant in property
13 December 2024 | 5 replies
When we deal with these, we let the tenants know that we will be putting them into collections and seeking a judgement.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
I have a C-Corp (no assets) as the Prop Manager to manage leasing and rental collection for all 4 LTRs.