Michael Klinger
Ideas on $25K loan for multi-family working captial?
6 January 2025 | 11 replies
Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.
Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
@Gamal Harding all pretty basic stuff.What makes you think a professional screening company, processing hundreds or thousands of apps each day, are going to catch fraud?
Edward Toomey V
5 months using RentRedi and I HATE it
8 January 2025 | 53 replies
None of those "notifications" they say they'll send every make it to my phone because it's not really an app, it's just a website as an app.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
My main account has all the rents deposited and all expenses deducted such as mortgages, some utilities and an electronic payment app connected to the account to pay contractors.
Jessica Medvec
Is “cash only” really cash?
29 December 2024 | 9 replies
With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.
Troy Parker
Renting your first rental to a friend
15 January 2025 | 10 replies
Also, ask your agent to do prior rental verifications and to run the applicants through Forewarn app.
Owen Reeter
College Student Beginner
6 January 2025 | 3 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
Jerry Tello
Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
It can be like the clothes nobody wanted at the dollar store, it wasn't going to be great to begin with and what was usable in some way is already gone.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.