It's a collection of the best flipping info from the site.Oh - and be sure to set up some Keyword Alerts- especially for "Richmond" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

It's a collection of the best flipping info from the site.Oh - and be sure to set up some Keyword Alerts- especially for "Elgin" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Do I collect the full amount of rent remaining on the contract up front and then return the remaining balance when I re-rent the apt., or do I re-rent the apt. and then charge them for the time it was vacant?

Usually the management and simply collecting the rents requires a license.  

So i'm weighing out collecting a potential $150k in gains and either begin stock trading (under an experience coach of course), or moving my investing out of state, or possibly holding onto these longer in hopes of further appreciation and having the ability to continue renting to ministry students/families.

A class will collect more rent2.

This will help weed out first term folks that are either not very responsible yet or that may be forced to live in barracks and decide to get a place they can't afford anyways with some buddies b/c its more conducive to partying.I also give a military discount, but make it contingent on the service member establishing an allotment (military term for direct deposit) to me so I don't have to worry about collecting rent.

If you don't collect late fees, then you might have lost the right to collect them.The tenant is right, you can't just increase rent because you farmed out the work to a PM.

Do you collect a bunch of applications and only run the background and credit check on your top candidate with you paying the bill or do you have the tenants pay and check every applicant?  

He relies on the following language, which he drafted, in an email between us:“if you do confirm and then back out or the deal doesn't happen for some reason not due to my negligence -- I'd like to collect at least $350 for the attorney and $400 for me”He argues that his money is tied up in a delayed transaction, which I understand.