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 )
Andrew Steffens
Credit Card Points Hacking
6 December 2024 | 36 replies
I've been pretty pedestrian just collecting AmEx points and moving them to Delta.
Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 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.
Sol Baum
Re: Brokers client list
5 December 2024 | 7 replies
If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?
Anna Thanopoulou
Material participation - proof to collect
26 November 2024 | 3 replies
Generally, grouping allows you to count all your hours collectively toward the 500-hour threshold, simplifying the qualification process for multiple properties.
Godsheritage Adeoye
18-25 Year old investors, lets connect!
6 December 2024 | 0 replies
By collaborating, we can leverage the collective knowledge and resources of more experienced investors in this forum, gaining valuable mentorship to accelerate our growth.
Lorraine Hadden
Is Selling FSBO Ever A Good Idea?
7 December 2024 | 2 replies
To answer the title of your post, selling fsbo can be a good idea if:- you have experience selling RE- you price the home to sell- you have systems in place to collect inquiries and facilitate showings i.e. call center/email/google forms for screening inquiries, showing agent, lockbox, security alarm, etc. - you have dozens of local agents who can market the property for you and bring you a buyer- you are listing in a desirable area with low-inventory - you are not in a rush to sell
Harita Konjeti
Tenant leased 3 weeks back and paid half rent for first month
7 December 2024 | 2 replies
It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.
Jason S.
Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
Look at your credit and if it has improved applied for a loan on a muti-family home, so you can collect the rent and pay the loan, if unable to sell. 2.
Katharina Bormann
General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
If they are billed separately, the charges may fall into Fair Debt Collection Practices Act laws.