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26 March 2020 | 1 reply
A small percentage of owners are uncomfortable with this scenario, but it's an increasingly common tactic in the industry, even before C19, because it helps get units rented quickly, to well-qualified tenants due to the ability to be nimble, responsive and continue with scheduled showings.What should we expect for rent collection?
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2 January 2021 | 9 replies
When I signed the lease, I collected 1 month's deposit and her portion of the rent.
27 March 2020 | 3 replies
The contingency for owners of multi-family properties is that they cannot proceed with evictions against tenants who are directly impacted by covid-19 during the forbearance period.I have a few other properties (2 & 3 unit properties) that have conventional financing and insured by Fannie Mae, I am prepared to withhold April's mortgage payment on these properties until the rent payments for the month shake out and I see what the NET collection number is.
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26 March 2020 | 3 replies
What you are doing is a common mistake for many, many first-time real estate investors--you go around and around, collecting information, doing more research, learning about the market, studying any and every piece of information you can find, but you NEVER PULL THE TRIGGER.
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19 April 2020 | 5 replies
Usually in this model you collect a down payment then finance over set amount of time at decent interest rate.
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24 July 2021 | 172 replies
Try collecting...You do realize the death figures in NY/NJ approaching a sept 11 every week right?
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27 March 2020 | 2 replies
Interest for late payments and chargesInterest at the Interest Rate shown on this Agreement will be payable on any amount not paid by its due date (including any balance which may become payable under section 9 of the Terms and Conditions of this Agreement) calculated from the due date until actual payment to us, to run both before and after any judgment.All reasonable expenses, charges and costs incurred in locating you or in collecting any sums due and unpaid shall, if we wish, be recovered from you should you fail to comply with any provision of this Agreement.10.
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27 March 2020 | 3 replies
What are landlords of SFR and MF planning on doing with rent collection April 1?
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30 March 2020 | 14 replies
Did nothing to it, continued to collect rent and sold it for 38k a year later.
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26 March 2020 | 2 replies
This means collecting payments and forwarding them to the investor, paying taxes and insurance, answering questions, etc.