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31 October 2024 | 18 replies
The way you are breaking it down is very spreadsheet-friendly in terms of what would work in a best-case scenario, but landlording for five room hackers is not easy and the rent is not easy to collect in all cases.
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30 October 2024 | 28 replies
You will need to help them cross back into normal society, its not a situation where you sit back and collect the rent.
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30 October 2024 | 16 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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31 October 2024 | 10 replies
I've used Stessa with my own rental properties and I recommend it to my clients, and I think it's one of the best ways for rental property owners to track their income/expenses, collect rent, etc.
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30 October 2024 | 13 replies
I feel my largest use will be online rent collection as well as tenant screening.
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28 October 2024 | 12 replies
That way, you're getting paid without having to interact directly with the tenants, screen them, collect rent, drama, etc.
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28 October 2024 | 12 replies
The LLC would collect rental payments in a business account and make the monthly payments on the mortgage operating like it should.
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29 October 2024 | 9 replies
Gross revenue is all income except taxes collected.
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29 October 2024 | 6 replies
Do you have collected any certified letters of tax notices sent by the local tax collector?
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27 October 2024 | 0 replies
Should I be paying sales tax to sub contractors as owner builder, so use reseller certificate and then collect tax from ME.