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3 May 2020 | 3 replies
We are trying to purchase a 2nd property however a local credit union bank is saying that we cannot count a primary residence (considered primary residence because my business partner lives in it) as rental income even-though we have been collecting rent for almost a year.
8 May 2020 | 2 replies
In addition, The Management Company LLC in (2) would be separate from the other LLCS, own nothing, but serve as the "point person" for each individual facility when it comes to collecting rents, paying expenses, etc.
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7 May 2020 | 10 replies
That can cause problems as the companies won't want to pay more rent for space that just occupies air and landlords won't want to provide negative space that they can't collect rent on but still cost money to maintain.I have never liked the office space sector for commercial investing and really do not like it now.
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8 May 2020 | 17 replies
We will learn a lot from May and June collections as April was better than expected.
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2 May 2020 | 6 replies
In the end, the tenant owes the rent and you must collect, or move on.
2 May 2020 | 1 reply
I have always found Cozy.co to be an exceptional resource, from listing a rental with photos, to accepting applications, letting the tenants pay for the background checks by themselves on the online portal, and letting them see the report automatically, to lease agreements, free monthly rent collections and tracking deposits etc...
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3 May 2020 | 9 replies
Garnishments are your next method of collection.3.
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2 May 2020 | 6 replies
If the first applicant for example, meets all of the criteria but I want to continue collecting applications and weigh the best ones after say...
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22 June 2020 | 9 replies
I am not an attorney.There is currently a WA STATEWIDE moratorium on evictions and other actions by landlords to enforce collection of rent through June 4th: https://www.governor.wa.gov/sites/default/files/20-19.1%20-%20COVID-19%20Moratorium%20on%20Evictions%20Extension%20%28tmp%29.pdf?
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4 May 2020 | 14 replies
Management shouldn’t change your investing strategy but yes lots of wolves in sheep’s clothing for sure but that’s anywhere.