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15 June 2020 | 5 replies
- about collecting rent (when is it late, late fees, eviction process, how many do they do per year)- about maintenance (in house or outside contractors, how do you communicate with owner)- about trasacting with owner (what online system do they use, when in the month do they pay owner, direct deposit?)
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26 April 2020 | 6 replies
Again, I went in because I was under contract, but I pivoted what was supposed to be a market rate rental into Section 8 to mitigate any risk with collections in 2020.
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9 May 2020 | 13 replies
Today, it seems there may be challenges collecting rent everywhere.
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23 April 2020 | 5 replies
I have 7 sfh arv from 50k to 175k on the west side.I was able to collect 6/7 this month.I'm assuming may and June will be rough
22 April 2020 | 7 replies
Was going to make about 30K flipping it, wound up collecting 62K from insurance.
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22 April 2020 | 2 replies
Try to avoid throwing everything away.The resident can collect monthly payments until the property is purchased in full by the GNA, or can cash out and a traditional loan will be sought for GNA to finish the purchase.If there is an “owner carry” deal currently established, then subtract the remaining rehab costs as a principal payment.If the GNA is simply purchasing the property, then it needs to fall into “70% rule”.Purchase price = 70%ARV - Est rehabThis option typically leaves less money for the original homeowner, when compared to the “owner carry” structure.Allow for equity transfer to other properties in the GNA portfolio.This option might allow for the lowest cost to process everything,Bring every aspect of the property up to common standards.
11 May 2020 | 8 replies
I know there are several apps that can manage rentals (including rent collection, expenses, etc).
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25 April 2020 | 0 replies
My tenants have bounced paper checks and also bounced electronic payments done as ACH transfers via a popular online rental management software. The 3 to 4 day delay on a paper check or ACH transfer is hard for them t...
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25 April 2020 | 4 replies
Here's my idea. I legally cannot qualify for any sort of loan (I’m only 16), but I CAN help Investors find good deals right? So lets say I set up a lead generation system to find distressed properties, analyzed them, ...
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10 May 2020 | 21 replies
Reconciling four different utilities (elec/water/gas/internet) whose bills arrive at four different times and pro-rating all that for different move-in/out dates is a real drag, as is collecting small amounts from multiple housemates.