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13 January 2025 | 16 replies
The wrestling and wrangling you would have to do to collect would never be worth your time.
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5 January 2025 | 3 replies
Quote from @Joshua Kaufman: I'm having an issue with rent collection from a commercial tenant.
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7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
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12 January 2025 | 23 replies
Collect the difference.
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11 January 2025 | 14 replies
I manage my own properties as do my clients; with the electronic resources for screening, rent collection, more - the ROI is greatly improved and you retain control of the property.Hope this helps.
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20 January 2025 | 31 replies
In some parts of the sun belt, I have been told that you can collect far higher rents doing Section-8 than you can regular Tenants.
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4 January 2025 | 18 replies
@Michael Darten Most property management agreements have the monthly PM fees based upon a percentage of rents collected.
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9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
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13 January 2025 | 10 replies
You can use it for rent collection, leases, tenant vetting, the list goes on.
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11 February 2025 | 167 replies
I got my first BTC back when you could go on one of the many faucets and collect 0.5btc/1btc a day.