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30 March 2022 | 10 replies
April 2021, Tenant A sublets her apartment ILLEGALLY to Tenant B (no landlord approval, lease clearly states it's illegal to sublet).No rent is given from Tenant A or Tenant B for months.September 2021, we find out Tenant A was collecting rent from Tenant B but not giving it to us.By a miracle, we end up collecting every penny that was owed from Tenant A.October 2021, Tenant A's lease ends.Tenant B is still in the apartment.Shocker, they do NOT have good credit and they have a prior eviction on record.If we want to get them out in today's difficult COVID-19 landlording world, how can we go about it?
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27 October 2021 | 16 replies
If you have the cash to let it sit there while you collect the cash-flow maybe but I dont know what you end-goal is.
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9 March 2022 | 7 replies
He is collecting $400/mo for a 2 car oversized garage here in Denver so you should be able to great shape to make some passive garage income!
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22 October 2021 | 31 replies
Blame somebody else so you don't have to be the bad guy when delivering bad news.I collect rent using an online system that automatically charges a late fee if rent is paid late.
21 October 2021 | 0 replies
Here short term rentals are very seasonal.As a newbie, I was under the impression that buying a brand-new apartment would be the right choice for me.
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2 November 2021 | 12 replies
Thanks for the reply, I was under the impression that conventional loans had the same property requirements as FHA so that's really helpful as well as your tip on looking for a wholesaler, I appreciate it.
23 October 2021 | 7 replies
You see, there’s nothing worse for an attorney taking on a contingency case, fronting all the legal expenses and investing their time to win a case and obtain a court judgment – then NOT be able to collect on the judgment.So, astute attorneys will research the available assets and insurance before accepting a case on contingency.
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21 October 2021 | 4 replies
We had one lender tell us that 2yr minimum of rental income only or nothing would count, where we tried another lender who took what we collected so far and averaged it over 24 months - and that helped us get over that hump.
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22 October 2021 | 4 replies
What you should do is call this place as an interested buyer and ask for a few things to validate the numbers you're putting into the model, such as their rent rolls (you will see if collectability or vacancy is an issue), historical costs and income statement if available, and any large capital expenditures that are coming up.
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22 October 2021 | 2 replies
However, because this data was collected over the past year and we just had the eviction moratorium lifted recently, my hunch is that the majority of the data attributing to this data set are the new asking rents once there is a vacancy.