Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
Collect money, not properties.
Kolby Knickerbocker
Rookie Investor; Happy to be Here
9 January 2025 | 16 replies
great resource; appreciate the direction :)
Dan Audino
Intro Post - Chicago Commercial Property Manager
11 January 2025 | 9 replies
Happy to be a resource.
Jeison Avila
New to Wholesaling Real Estate Excited to Learn and Grow!
3 January 2025 | 5 replies
Here are some great resources for you to check out: The Book on Estimating Rehab Costs https://www.biggerpockets.com/forums/12/topics/862964-wholes...Wholesaling Calculatorhttps://www.biggerpockets.com/blog/rookie-241?
Anjali L.
SSN for tenant
4 January 2025 | 6 replies
You should only need the SSN or license if you are hiring a collections company.
Ethan Slater
New Member Joining BiggerPockets
4 January 2025 | 14 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.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.
Michael Poloncic
Tenant breaking their lease
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.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
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.
Craig Oram
JWB experience - My thoughts, let me know yours
30 December 2024 | 24 replies
The reason for this is there is certainly a lot of heavy lifting of resources required by a property management team to bring on a new resident including rent collection, setting proper expectations, accounting and building a positive relationship in the first month.As far as the quick re-rent of your home, I was hoping that would be something in which you'd see the value of working with us.