Trevor Murphy
BiggerPockets Community Thoughts On Interest Rates
5 January 2022 | 8 replies
No problem, here are numbers off the top of my head that I think are applicable.Address: 1823 Madison Way, Lynnwood WA 98087Purchase price - $583,000 (May 26 2021)Down payment - 10%Interest rate - 2.9% - 30 yearMortgage payment - $2800Rent collected from tenant - $2,000Stock Portfolio Line of Credit -$133,000Interest rate on line of credit - 4% (not a fixed rate and no fixed payment schedule)Last month my real estate agent ran some numbers and comps and thought $750,000 was what it might appraise for if we re-financed.
Frank Mongiello
How to win Deals against cash Offers in a multiple offer scenario
9 January 2022 | 6 replies
Them selling isn't as easy as collecting a check and deep down they want to have the piece of mind that whoever buys isn't going to treat the house poorly or anger the neighbors.
Tony Zhang
Find other property manager or lower the rent?
6 January 2022 | 14 replies
For us 2 weeks is a long time, 4 weeks is the longest I’ve had in 20 years and most of that was extensive turnover work (full repaint and and recarpet, new appliances and countertops, and massive cleaning)As others have suggested, list the address, there are lots of experts on here willing to work for you for free to solve a mystery like this.
Dee Bral
Question on Deposit To Hold for Empty Unit
6 January 2022 | 4 replies
I was going to collect a Deposit to Hold for 14 days for the person who doesn't need the unit until Feb. 1st, but then charge a pro-rated rent for the 10 days beyond that 14-day period.
Jordan Santiago
HOW TO SPLIT RENTAL INCOME
6 January 2022 | 1 reply
Do you use a software/system with your property manager to keep track of all rent collected, capital spent on repairs, and more to stay organized?
Kallie Cornett
Captial Gains - Primary residence/rental property - Sell or Refi?
8 January 2022 | 8 replies
You keep the house, hire a manager, collect $3350/mo and pay $2200 in PITI.
Don Konipol
30 day minimum stays?
7 January 2022 | 9 replies
The state determines what taxes are collected.
Sash Joveski
6 units - looking to expand.
24 January 2022 | 8 replies
Cozy (which is not apartments.com) has a decent set up for screening tenants and rent collections.
Tyler Eiland
Finding owners address or phone number from County Tax Assessor
18 January 2022 | 10 replies
Even better would be to use a licensed loan servicer to collect payments from the new borrower, then make payments to the underlying lender.
Justin Martin
Commercial Multi Family Due Dilligence Questions
7 January 2022 | 5 replies
And then you get to commercial properties, and the building codes are even more extensive.