Holly Hill
Upset tenant requesting "repairs"
20 May 2024 | 7 replies
If you are concerned for your safety, I will offer to release you from the remainder of your lease without penalty, but you must provide me with written notice at least two weeks prior to your departure.
John Wallace
How to use DSCR loan to acquire more properties
19 May 2024 | 2 replies
DSCR also offer a 40 Year term. 30 year fixed, 5/6 ARM (most popular), and I/O Interest Only to help the initial cash flow.
AJ P.
Investment Strategy with Today's Interest Rates
20 May 2024 | 8 replies
When rates are high you can charge higher rates, offer short term loans (12 months) and have some liquidity and make a decent return
Nicholas Stevenson
What would you do?
19 May 2024 | 9 replies
I went and did a walk through and am ready to put in an offer I just cant figure out the financing.
Coty B Lunn
Managing Investment Properties: With or Without a Property Manager
18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
Jay T.
Tough time finding tenants - Any sites where you can search a list of good renters?
19 May 2024 | 21 replies
I just thought it would be great if there was a list of tenants that are qualified that I can reach out to, and I would even offer some discount to them to entice qualified tenants.This would be in addition to the usual zillow and facebook postings I have listed.
Abdenour Achab
How would you mitigate the environmental risk
18 May 2024 | 8 replies
5) Would you get legal residence in Venezuela, which has no extradition treaty with the United States, to escape with your money if and when you receive a million dollars bill from the EPA?
Rome Star
I am eager to enhance my knowledge in the field of real estate investing.
19 May 2024 | 2 replies
This realization left me astonished at my own capabilities.In 2021, within the span of a year, I successfully made an offer on my first condo, situated near the famous Las Vegas Strip by Bellagio.
Nicolas Dupuis
Using projected rents to qualify?
19 May 2024 | 3 replies
I like to use local lenders because they will know the rental market and local agents will know the lender can get the financing done making your offer slightly stronger over using a national lender.