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18 February 2025 | 4 replies
How much rent will it collect?
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21 February 2025 | 12 replies
I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.
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16 January 2025 | 8 replies
Collection agencies cannot report to credit bureau if the landlord is a private landlord.
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9 February 2025 | 36 replies
Also, I am connected with a lot of sophisticated investors on Linkedin and I don't want to lose their respect because I am starting to post educational content when I have never done any transactions.What do you think?
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23 February 2025 | 25 replies
Still need to screen S8 prospects though.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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11 February 2025 | 4 replies
They will handle the collection and distribution of payments, amortization, escrow accounts, and any tax documentation.
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13 February 2025 | 3 replies
The applications, screening, lease signing, and rent collection is all done there.
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16 February 2025 | 2 replies
Some retain the late fees collected.
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12 February 2025 | 1 reply
Let me know if you need the resource.Some people/HOA may try to collect to see what they can get away with.
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20 February 2025 | 8 replies
What if they have collections or judgments?