That would be incentive for them to pay on time rather than penalizing them for being late, and you don't have to collect the penalty if they are late.

I checked it today and I want to check it once more this summer or Fall.I have 1 unpaid collection that I was unaware of until today (only on my experian report).

We are not clear about how to explain to our potential members how the qualification process works in relation to the qualifying process.We've been told that TIN will represent the members "collectively" instead of each member having to submit personal information everytime a property is purchased.Please give us insight on the process as it relate to an LLC Investment Group.Thanks,Ed

As I have stated before, there is NO DIRECT correlation between the "rent collected" and the "expenses."

Will you have the LLC be the owner and manage and collect the rent?

I would use about ten percent to start, meaning that I would reduce the total amount of rent you expect to collect in a year to 90% of the total possible gross rent.

I was supposed to close on my rehab and collect a nice chunk of change.....It turned out a little different.I agreed to watch my mothers dog last night.

Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

They many never participate in the actual closing and they could have already collected their fee.John Corey

Collect money!!