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28 December 2024 | 1 reply
First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.
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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.
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30 December 2024 | 16 replies
Don’t put too much faith in books, podcasts, and YouTube videos.
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12 January 2025 | 54 replies
Some areas of the west coast are allowing multiple units to be built out on a single parcel and in these higher COL areas, it's a boon for the homeowners, renters, builders and even for the local governments that are collecting the building fees.
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8 January 2025 | 27 replies
@Samuel Gebretnsae You have two choices. 1) Walk away and leave your money on the table. 2) Go ahead with the deal and take a leap of faith that the repair was done correctly.
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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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7 January 2025 | 12 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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3 January 2025 | 14 replies
I am the owner of DealMachine and extremely committed to taking care of people.Out of good faith -> I will do whatever you'd like as a full refund or the 50% refund with continued useHere's where we notified you about the upcoming charge (it says you opened it March 13th?).
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2 January 2025 | 18 replies
The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.
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30 December 2024 | 6 replies
If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.