Greg Snell
Property Management Evansville
13 June 2024 | 5 replies
PM cannot make the tenant pay their rent but there should be a process on their side of what they are doing when the rent is not paid.
Tyson Scheutze
Hey. Look Over Here!
14 June 2024 | 2 replies
But with the array of services and fee structures current property management companies offer, it is entirely possible to pay an extremely low management fee and still be “fee-ed” to death as both an investor—and now even as a resident.Over the past 15 years, the amount of managers and fee structure variance in our industry has been incredible.
Tyler Gilpin
Keeping Track of financials on rentals
12 June 2024 | 14 replies
I have all the expenses in a different row with repairs at the bottom and a column for each property.There is software you can also use.
Marc Shin
Thoughts on this property? 3/2 SFH 1800 Sq ft - is it too ugly??
13 June 2024 | 16 replies
You are adding an extra expense every 5 yrs to repaint.
Brice Alef
Family Supplies and Labor Reimbursement
13 June 2024 | 2 replies
Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla...
Raj G.
Private lending-Expired term but continued loan
13 June 2024 | 4 replies
Hi,I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so extension can be done total 6 months.Now, after 1 year, borrower keep paying interest .3 years went like that.Now Borrower wants to pay off. in such case what should be Loan extension point added.Thanks
Nathan Frost
Section 8 Investing
11 June 2024 | 11 replies
Market dependent, section 8 can pay more per month than a cash paying tenant.
Jeff Cliff
Solar panels, Utility bill, NEM 2.0 and renting
13 June 2024 | 0 replies
3) Would it be a better idea to keep the utilities in landlord's name and have tenants pay the bill?
Suzanne Marlatt
SFH converted to two dwellings for college students
13 June 2024 | 2 replies
We are seeing if this is an option as we have ourselves in a scaling-up phase - we have purchased a commercial property local to us and are borrowing from our retirement to do so, with the intent of paying back with the possible sale of this home.
James Furlo
Is there such a thing as group loans?
11 June 2024 | 14 replies
I did a few and someone turned me in :) and sure enough I got a cease and desist and had to pay a fine and spend 20k creating what State of Oregon calls a Real Estate paper offering !!.