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12 June 2020 | 5 replies
Are they using the rents collected to offset the debt?
10 June 2020 | 2 replies
@Wesin NurThe 1% rule is just a general rule.with all things being equal, good neighborhoods will have a lower % than areas with a bad neighborhood.Good neighborhoods normally require less upkeep and may survive by collecting less than the 1%You also want to determine what the costs normally are for items such as real estate taxes and insurance.If you are in an area with a high property tax / insurance, it will likely be harder for you to cash flow at less than 1%.
11 June 2020 | 5 replies
If you have old windows that will break soon, I would rather retrofit them for 20% of the cost than wait a bit and have to pay a lot more while not collecting rent.
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10 June 2020 | 2 replies
We are collectively saving over the next 18 months.
11 June 2020 | 5 replies
Again, it's their responsibility to collect the rent.
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19 June 2020 | 20 replies
Remember, if we are not collecting rent - we are not getting paid either.
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12 June 2020 | 1 reply
Would I be able to collect a reduced commission when my only role in a transaction is lead generation?
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11 June 2020 | 1 reply
Do you manage the bookkeeping yourself such as collecting escrow payments making payments on taxes/insurance or do you hire a servicing company to do it?
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11 June 2020 | 0 replies
We are getting legislatively manhandled by the tenants' rights groups that are more organized and less fragmented, so our collective voice cannot be heard.
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12 June 2020 | 1 reply
We are getting legislatively manhandled by the tenants' rights groups that are more organized and less fragmented, so our collective voice cannot be heard.