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9 October 2015 | 6 replies
Rents are generally collected the first of the month, and there may be large amounts of cash on hand.
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14 October 2015 | 25 replies
Can I also get a collection agency after him at the same time?
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10 October 2015 | 44 replies
Worst case scenario, small claims court to collect the fines, or collection agency.
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14 December 2019 | 28 replies
(there is a reason the property is cheap, and that's because you will probably put in a lot of sweat equity collecting rents and dealing with residents)On to the actual management and what to expect .As you are discovering that closing on the deal is just the beginning, now starts the real work: Getting the property to perform consistently and provide you with cash flow!
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13 October 2015 | 18 replies
When a creditor writes off a debt, they are indicating that the debt is no longer collectible by their efforts and it generally is sold to a collection agency for pennies on the dollar.
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12 October 2015 | 5 replies
I also collect rents and since they are local, make their deposits.
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29 October 2015 | 6 replies
Also, I don't know if it's relevant to this property but is there an HOA, garbage collection costs, lawn maintenance, etc, that might not be paid by a renter?
9 October 2015 | 4 replies
If we do not move the homes' deeds to the LLC, can we still use our LLC to manage (collected rent, maintenance, etc) our rental properties?
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10 October 2015 | 16 replies
If we had waited until it was 100% done, we wouldn't be collecting rent for Sept, Oct, Nov, Dec!
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16 October 2015 | 13 replies
30 months ago I bought an occupied 2 bed 1 bath mobile home for $2,500, collecting $200/month in a park.