Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
One area can show great signs but literally cross the railroad tracks and it’s a different world.Be aware of these types of physical delineation.If you are getting no demand from qualified applicants then I would say it’s not in a margin of a gentrifying neighborhood.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
What several of these landlords have now done is instead of having a pet deposit, which you cant do with service animals, is that they just incorporate it into the normal deposit.
Tom Dieringer
Giving VRBO a head start on Airbnb
28 January 2025 | 19 replies
I set an arbitrary goal of obtaining 10 reviews on Vrbo before incorporating Airbnb; however, this process took longer than anticipated, as only 77% of Vrbo guests left reviews.
Collin Luckett
Raising Money / How to Structure
9 January 2025 | 9 replies
I’m currently going through the process of getting a HELOC and feel confident we’d be able to fund a purchase using that but using PML has ultimately been a goal of mine and would like to incorporate it into one of these purchases if possible.
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
I've incorporated the following assumptions across all my deals,1.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
Squatters can now be locked out of a property and their possessions removed, but a landlord CANNOT physically remove the squatters themselves.The local police are supposed to enforce these laws and assist landlords in removing squatters.The reality is that when you call the Detroit Police to remove squatters:1) The police often don’t know/care about squatter laws and state you must take the squatters to court to evict them.
Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
Just so you know you can use a USPS PO Box as a physical street address now and receive UPS and Fedex there also. https://ribbs.usps.gov/index.cfm?
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!
Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
I can have multiple one use code for contractors so I can control access without physically going there.You do not need to carry the key, just need to keep track all codesMain disadvantage is that the locking requires the door to close properly, otherwise the tenant may not know the door is not licked.