9 August 2015 | 0 replies
You would need someone to be at the front desk (collect rent, give keys, call the law if necessary, handle complaints, etc.), you would need cleaning people, and I think you would hire maintenance people as it happened, rather than keep someone on the clock when there is no work to be done.
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10 August 2015 | 7 replies
Recently signed up to BiggerPockets and I am truly impressed with the wealth of information.
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11 August 2015 | 6 replies
-use a note collection company like www.notecollection.com-get on the original insurance as a loss payee`````````````````````````````````````````When you give an option to a renter, many court judges look at that as a financing arrangement, and California is a pro tenant state.
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10 August 2015 | 8 replies
It could be the case that the previous owner did not collect rent for Aug and therefore no rent was due if the "rents actually received" check box was checked.
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11 August 2015 | 0 replies
Occasionally, thank your customers to be a part of your life or send them catalog to show your latest collection.
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11 August 2015 | 4 replies
You have to look at the wording in your property management contracts.Our management contracts as we take a 10% fee on rent collected so we charge 10% on the first months rent that was collected.Also, our management agreement says we charge a 50% leasing fee will we initially put in a new tenant.
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14 August 2015 | 8 replies
With land, you don't need much capital to start, you simply have to find the properties that are unwanted such as properties of a dead relative which have been collecting unpaid back taxes, or land that has been unattended for years and people don't even realize they still have it.
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11 August 2015 | 2 replies
I still have a day job, so more expensive property with higher rent, less turn over, less checks to collect, and less repairs are important to me.
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13 August 2015 | 10 replies
Non-bank mortgage servicing companies specialize in the following servicing functions: Calculating, collecting, and transmitting a mortgage loan borrower’s principal and interest payments; Managing mortgage escrow accounts; Collecting insurance claims; Distributing servicing advances; Managing delinquent mortgage loans; Assessing loans for modification and other loss mitigation activities; Overseeing foreclosure proceedings; and Managing and/or facilitating the sale of real estate owned (REO) following foreclosure.