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29 December 2024 | 5 replies
I am desperate to get this tenant out of the property and collect all past due rent.
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22 January 2025 | 31 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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23 December 2024 | 13 replies
My property manager I don't think has a chance to relax, but she does have systems built around her to free up the time when it comes to regular maintenance and rent collection.
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15 January 2025 | 24 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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19 January 2025 | 147 replies
@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.
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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.
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15 January 2025 | 12 replies
However, much of our document and data collection was handled by loan analyst Taylor Vassey.
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30 January 2025 | 48 replies
-- solid strategy, make sure you look at the trailing 12 months cashflow and do extensive due diligence, you might even consider hiring someone to help you with due diligenceInvesting in mobile home parks?
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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- 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)This process has helped me place quality tenants over the years.
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2 January 2025 | 2 replies
The HOA has acknowledged the roof issue but claims repairs are delayed as they’re still collecting bids.