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30 October 2024 | 21 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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30 October 2024 | 35 replies
We have only had one tenant that we did not collect every dollar owed and they moved OOS.
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29 October 2024 | 15 replies
If the taxes were increased and the escrows that were collected up to that point were insufficient to cover the new tax bill, then your future mortgage payment will increase by an amount that will cover the new tax bill AND make up for the shortage from the previous payment.
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19 October 2024 | 14 replies
Am I the only one having the problem of rental collection.
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23 October 2024 | 2 replies
I can see exactly how much rent I'm collecting, what my costs are, and even how much profit I'm making on each property.
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28 October 2024 | 24 replies
The MEDIAN rents (50% higher, 50% lower) for the entire country are surveyed, collected and posted by HUD on their website www.HUDuser.org by either county or zip code in all 50 states.
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25 October 2024 | 10 replies
There is no way that resident can afford a 500 jump, and I ended up losing thousands of dollars.Real estate is a business, collecting a future stream of revenue, and you need to be in control of the revenue and expensesGino
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23 October 2024 | 8 replies
Ideally by the end of next year we would like to have the adu collecting rent, and the addition completed or nearing completion.
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23 October 2024 | 6 replies
As of now, we pay our kids to collect the rent each month.
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23 October 2024 | 8 replies
One of their tenants was one of their maintenance guys but was not their manager (making sure rent was collected), I think he paid either half of what rent should've been for his unit while the unit next to him was a 1bd unit as well renting for $650/700 at the time and that was about market rent still.