Once you have your list of contractors in place, and a robust tenant screening and rent collection system, you will be off to the races.

If you were holding the property and collecting rental income monthly, would this change your strategy with the partner?

When we had tenants struggling to make ends meet due to the pandemic, it was a huge relief to pull up their account and see that we had collected that last month's rent in advance in some cases.

Therefore, we have had to hire an attorney each time we've had an eviction, even though I "self manage" and am local.I'm hoping to add my name to the title only, so as the "owner", I can bring these cases to court myself without the need for an attorney.For context, the properties are in Upstate NY.Thank you in advance for your collective thoughts!

Imposing a fee is one thing; collecting it is another entirely.

The rent I am collecting is $650, only expenses are tax and insurance, which equal out to $120 combined. 

Hi all, 
I'm trying to gather data for how individual lenders are handling forbearance. I'm particularly interested in learning which lenders are allowing forbearance but are not adding the payments on to the end of ...

But on the other hand, if all your other costs stay the same, a 5% reduction in expected rent is gonna hit the bottom line hard.My properties are low leverage and have plenty of buffer so a 5% reduction doesn't factor in, especially in the short term, but wondering how you all interpret a 95% collection rate from pre-COVID levels.

They also never got back all of the houseware/clothes back from the fire which included pieces handed down from family members.

What percentage of rents did you collect in April?