9 September 2021 | 4 replies
Collecting is another story.

14 September 2021 | 11 replies
...your agent should be present at the inspection to chat up the inspector on what they are seeing...your agent should have a copy of the report...your agent should complete a call with you to walk through all the items and discuss whether or not you should move forward with the deal...and they should put together a scope of work, refer contractors, and even manage the renovation.If you are working with an agent and they did not do this, move on immediately or your investing career will be very limited.This is not to reflect on you, Brandon, I don't know you.By and large by the time home buyers get to the inspection stage, real estate agents, if they're involved, just want to close the sale and collect their commission.

16 September 2021 | 5 replies
Hello!
What's everyone using for software here in 2021?
Thanks in advance!

14 September 2021 | 2 replies
Collectively I've amassed well over 100k followers on these 4 platforms and I think they provide the best engagement with my audience.If I had to rank them from most engaged to least engaged it would be tough as all 4 have been great for me but I guess it'd be as follows1.

2 December 2021 | 8 replies
I put solar panels on the home so now its should valued at about $200k.Here's what the numbers look like currently:Mortgage balance: $94,94815 year fixed mortgage at 2.5% (6 years in, 9 left to go)Interest: $197.75 monthlyPrincipal: $776.58 monthlyEscrow: $536.95 monthlyTotal Monthly: $1,511.28 (tenants are paying only $1,000 but I told them $1,600 or get out so they're leaving on Oct. 1)Taxes: $5,268.10 yearlyInsurance: $1,002.15 yearlyIf Renting:Property management company says I can get a tenant for $1,500 to $1,600 a month (one suggested starting at $1,700 due to little-to-no electricity bill).They take one months fee to set-up place a tenant in, 10% every month to collect rent, and $40 fee per maintenance coordination.Refinancing offers:I have 3 offers so far and working on more, all are 30 year fixed/conventional.

21 September 2021 | 44 replies
Security deposit collected should remain in place until they move out3.

1 October 2021 | 9 replies
As far as validating the rental revenue, there are a few things to consider: ideally the estoppels would be notarized; confirm the lease agreement information matches the rent roll, p&l, and bank statements (bank statement would show you how much they are actually collecting); request copies of the executed lease amendments or other written or side agreements the owner may have had with the tenant(s).

16 September 2021 | 6 replies
This is our first month working together and rent still has yet to be collected (as of sept 14) for some of my units under their care.

14 September 2021 | 9 replies
I sent a letter letting them know how I would collect money and told them I had a copy of their leases and we would go with them until it expired.

15 September 2021 | 3 replies
I have been using that, and I also paid my collections accounts from years ago.