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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.
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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.
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9 December 2024 | 0 replies
One challenge was managing extensive renovations on a modestly priced home, requiring disciplined budgeting and planning.
7 December 2024 | 35 replies
With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.
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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).
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7 December 2024 | 11 replies
For the last 22 years I've been involved in real estate as a house flipper, with extensive experience in building and renovation contracting, owned a residential property management company, and now have a private money lending business (licensed NC re broker).
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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.
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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
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15 December 2024 | 15 replies
It is unfortunate, you can get an attorney/collection agent if it is truly fraudulent.
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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.