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15 May 2020 | 27 replies
When we had tenants struggling to make ends meet due to the pandemic, it was a huge relief to pull up their account and see that we had collected that last month's rent in advance in some cases.
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11 May 2020 | 1 reply
Therefore, we have had to hire an attorney each time we've had an eviction, even though I "self manage" and am local.I'm hoping to add my name to the title only, so as the "owner", I can bring these cases to court myself without the need for an attorney.For context, the properties are in Upstate NY.Thank you in advance for your collective thoughts!
12 May 2020 | 4 replies
Imposing a fee is one thing; collecting it is another entirely.
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14 May 2020 | 5 replies
The rent I am collecting is $650, only expenses are tax and insurance, which equal out to $120 combined.
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30 April 2020 | 0 replies
Hi all,
I'm trying to gather data for how individual lenders are handling forbearance. I'm particularly interested in learning which lenders are allowing forbearance but are not adding the payments on to the end of ...
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1 May 2020 | 4 replies
But on the other hand, if all your other costs stay the same, a 5% reduction in expected rent is gonna hit the bottom line hard.My properties are low leverage and have plenty of buffer so a 5% reduction doesn't factor in, especially in the short term, but wondering how you all interpret a 95% collection rate from pre-COVID levels.
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10 May 2020 | 10 replies
What percentage of rents did you collect in April?
1 May 2020 | 2 replies
And my biggest question is what is the best/easiest way to collect rent.
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1 May 2020 | 6 replies
As a real estate agent who doesn’t collect weekly checks and some lenders ask for paystubs.
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1 May 2020 | 14 replies
I’ve already collected from a few tenants early.