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31 January 2024 | 7 replies
Hoping one of you seasoned landlords can offer some advice.my wife and I owned a pm company in San Diego that we sold prior to our move to Iowa.Initially our plan was to start another pm company here where would manage our 6 rental Props and offer 3rd party management.We have adjusted that plan and are no longer thinking about starting a new pm firm.Initially we had set everything up with PMW (website) and their sister company Rentvine for our pm software.However, since we will now just be self managing our own properties, rentvine is a little too robust and expensive.We are trying to determine what consumer grade software to use that will still allow us to:Syndicate adsPlays nice with tenant turner Offers easy tenant payment optionsOffers customizable applicationsOffers lease templates that can be e signedOffers a tenant portal for maintenance requestsIf any landlords have suggestions let us know.Appreciate any help.
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1 February 2024 | 9 replies
"Cash out" refinances are quite well known, but please allow me to introduce you to the nefarious twin that pops up when you buy a building at 5% vacancy with max leverage, and then have to refinance it at 25% vacancy with an interest rate that's double the old one -- that twin is, of course, the "cash in" refinance.
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1 February 2024 | 13 replies
It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.
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1 February 2024 | 29 replies
Next, set the temperature to about 60 degrees and every 6-8 hours turn it up by 10 degrees to allow the thaw to happen gradually.
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31 January 2024 | 8 replies
From a strictly operational standpoint, longer net pay periods allows you to operate your business more efficiently.
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1 February 2024 | 6 replies
This allows you to basically write what you want as terms and have contingencies in the event of a disaster.
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30 January 2024 | 12 replies
The land belongs to my dad but he is allowing me to do all of the footwork to start up and operate the park.
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30 January 2024 | 2 replies
The timing was opportune, as the apparent struggles of the business allowed for a purchase at a favorable market rate.
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31 January 2024 | 24 replies
I’m now ready to buy a home and I have about 20K saves up again.. but it wouldn’t even matter if I hadn’t rented out my first home- because my debt to income ratio got a fresh start basically so now I can afford as much as my income allows.
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31 January 2024 | 21 replies
Our DSCR and Fix and flip programs for 1-4 families allow us to use the credit history, liquidity, and real estate experience of the U.S investor as long as the Foreign National holds less than 50% in the LLC’s operating agreement.