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7 January 2025 | 24 replies
Quote from @Bob Asad: So I read that you can keep the last month's rent in your own account because it doesn't need to be separated; however, security deposits cannot be mingled with the landlord's other accounts or business funds.If that's the case (in Florida), does anyone know if you have 2 SFH, then do you need two separate savings accounts for each tenant's security deposit or can you combine them?
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15 January 2025 | 39 replies
Regardless, just because these properties are trading doesn't mean they're good investments for your aims, so just focus on the numbers you need and keep on keeping on.One piece of advice is to maybe ease off direct to seller marketing and focus on networking with wholesalers and agents.
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17 January 2025 | 12 replies
Not siding with the contractor, but as an investor you will have to learn to understand costs better and when it doesn't seem possible for the contractor to complete the work at the stated quote its best to walk away.
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9 January 2025 | 5 replies
So the buyer doesn't put much down and just pays the closing costs.I have a seller who is willing to do this, but what about the bank?
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14 January 2025 | 8 replies
I even tried entering charges as manual journal entries, but even that doesn't work because you can't track each vendor, just the credit card.
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20 January 2025 | 22 replies
Single family usually doesn't make much sense from a rent/price ratio in A-B areas unless you are doing a rehab.
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11 January 2025 | 7 replies
A good manager will handle tenant communication, security deposit transfers, and ensure a smooth transition for you.Changing managers doesn’t have to be difficult—following the agreement and partnering with a competent new PM will help you get things back on track.
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7 January 2025 | 12 replies
A prudent investor doesn't seek quick riches through shortcuts.
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15 January 2025 | 10 replies
It doesn't matter here if utilities are included or not, stated rent is stated rent.