Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.
Briar Blake
Property Managers Violated Contract
7 January 2025 | 11 replies
PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits.
Ben Hedvat
Townhouse fix & flip Harlem investment
16 January 2025 | 0 replies
I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.
Zara Massoud
PM needs ss#
18 January 2025 | 2 replies
Hello,A PM we have just hired wants a W9 and social security number from us.Two companies we hired previously didn’t ask for this.I am not comfortable with sharing my ss number around needlessly.
Troy Boister
EIN Corporate Credit / The Unknown Benefit
17 December 2024 | 0 replies
They can separate themselves from traditional real estate investors by building a robust EIN Corporate Credit ("Ever-Increasing") investment infrastructure that allows for faster portfolio expansion and more sophisticated financial maneuvering.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
Unless the medical condition meets the state criteria for early termination and that the medical notice does not appear to suggest that, you cannot terminate the lease outright/immediately but that you will begin to market the property for rental and upon securing an acceptable tenant, the lease can be terminated pending a satisfactory property walkthrough indicating no damages.
Kevin G.
Antioch BRRRR Project
7 January 2025 | 0 replies
Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.
Garrett Jennings
Can I do a hybrid of seller financing and bank financing?
17 January 2025 | 4 replies
Possible (but I doubt easy) if seller takes a 2nd / subordinate position to the bank or is secured by other property you own.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
16 January 2025 | 3 replies
Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.
Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
Social Security also has a consent based ssn verification process where a SSN can be verified with the parties consent.Again, we can never be 100% full proof but we can stay on top of the latest ways to mitigate the fraudsters at their game.How are you catching fakes?