19 November 2024 | 10 replies
They will think you are running a tenant screening/tenant application fee collection scam.
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14 November 2024 | 21 replies
The highest and best meets the first Mon of every month near Ivanhoe, they post about it on IG @highestandbest (it's labeled as a clothing brand for some reason but the events are solid and free)We've bought 150+ units of Multifamily and still own and operate 51 units, we also manage for other owners in Orlando, FL and Jacksonville, FL so if I can be of help feel free to reach out
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21 November 2024 | 39 replies
The reason is for that amount, that's all the attorneys would do on a contingency basis, and they only charged a fee if they collect on a lawsuit, The customer then asked if I would pay him a few dollars instead.
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17 November 2024 | 9 replies
I am new to RE investing, and hoping to tap the collective power of this awesome group in starting my RE journey.
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18 November 2024 | 8 replies
I pay 4000 a year in taxes for a brand new single family home I can only collect 1100 a month on....4 months of rent to just cover property taxes, insurance is another 4000k.... that's 8 months gone.
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17 November 2024 | 9 replies
They collect a month of rent and then walk away, whereas a property manager has to deal with that tenant for the next year.
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18 November 2024 | 8 replies
This of course, would need to be defined in their lease agreements and would also require more work collecting those payments.
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14 November 2024 | 8 replies
There are other free services out there as well.If you only have a couple units and that is all you want and you never plan to hand off property management then you can probably just collect checks and have tenants text you.Personally I don’t like tenants texting me issues, they are too easily missed or forgotten about.
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23 November 2024 | 38 replies
Also, focus on 2 years of job/income stability.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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18 November 2024 | 12 replies
Goals - looking to expand/grow and move out to the next hack or hunker down and collect cash flow?