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19 April 2024 | 15 replies
There is some repeated confusion around this topic because pretty much all of the main servicing companies that service DSCR Loans are prone to mistakes - and sometimes accidentally report it.
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19 April 2024 | 11 replies
If not, I would still recommend going ahead with a professional cleaning company that has experience with mold remediation (make sure they send before and after pictures as well), if you really wanted you could give a small credit to the tenant to make them happy as well but 100% not required.
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18 April 2024 | 16 replies
I have been investing in SFRs for the last 16 years and I have built a turnkey company from the ground up starting in 2013.
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18 April 2024 | 6 replies
I think I would look for a company that has an architect and construction so that just maybe things are a little more streamlined.
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18 April 2024 | 4 replies
Are there any specific marketing channels or tactics that property management companies often overlook but can be highly effective in lead generation?
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18 April 2024 | 7 replies
@Brianna Johnson you’ll need to find out from your mortgage company how much extra you can pay into an escrow account because many have overage triggers where they’ll send it back to you if it goes over their limits.
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20 April 2024 | 100 replies
Doesn't work that way.When you start getting into larger buildings that have been run by property management companies historical data becomes more important and a bigger predictor of future performance.
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17 April 2024 | 9 replies
I hired a company, which turns out to be a guy operating solo.
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17 April 2024 | 13 replies
I'm biased because I work for a company that helps agents do just that, and this is not a pitch (I'll not mention my company name at all,) it's a genuine ask for help.
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18 April 2024 | 2 replies
Hi Salvatore,If you don't transfer the title and the mortgage to the LLC and do all the paperwork to show your LLC instead of your name, then you are still liable for any issue that happens to your tenant if they want to sue you.Mortgage companies in general allow to transfer to an LLC after one or two years.As Bill's mentioned, don't commingle funds is key as well, as soon as an LLC is open you have to open an LLC business account and everything towards the LLC goes there.