Josiah Horn
One tenant moved out suddenly leaving non performing tenant in property
13 December 2024 | 5 replies
When we deal with these, we let the tenants know that we will be putting them into collections and seeking a judgement.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
If you want to move assets off shore those assets may or may not be subject to collection depending on the country.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.
Jared Basker
Renting vs Selling/Transferring Home to Family Members
10 December 2024 | 3 replies
I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages.
Scott Zeiger
Appliances
17 December 2024 | 29 replies
I have one fridge in storage as a tenant brought their own, so that is a mixed bag.Refrigerators and stoves are reasonably failure-proof appliances if you stay away from ice makers, water in door options, and other things that add complexity.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
We only need 12 months of housing history and proof of rent payments.The DSCR market has evolved a great deal over the past couple of years, which has opened up access to more investors.
Alec Jacobs
What systems/processes do you use for managing your rental yourself?
8 December 2024 | 4 replies
1) I always use zillow to list new properties and use there platform to accept zillow applications2) Doorloop for management that includes accounting, repository for documents like leases, collect rents, tenant communications3) Received lease agreement from a lawyer
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.
Rashad George
Veterans Affairs Supportive Housing (VASH)
10 December 2024 | 0 replies
Next, I'll be pivoting into subsidized housing investment and collecting rent $ from the government as i truly do believe this is a way to boost CoC return percentages in today's market.
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
If door knob break (giving a simple example), Doorvest will charge me the price of door knob + contractor fees (Doorvest will not collect additional fees for themselves).