Matt Ransom
Consistently Late but tenants always pay late fees
27 July 2017 | 24 replies
I will try to avoid an eviction, but my local real estate club did mock evictions with seasoned attorneys who do evictions for a living and I know a good attorney....so I am somewhat familiar and prepared.
Jessica Harriet
Which? Seattle, Burlington, Minneapolis, Madison, Grand Rapids...
12 September 2017 | 35 replies
I think most seasoned investors would tell you to move to Milwaukee...The President just announced that FoxConn will build a huge plant just south of Milwaukee.
Mark Russell
Financing options after having just quit my job to go full time?
7 August 2017 | 26 replies
I've heard that you can use your property's income as "income" to get a loan but there is a seasoning period where you have to have that rental income coming in for a year or so before the bank will count it as income.
Rick Birkenstock
Learning the ropes on 50+ unit deal
22 August 2019 | 6 replies
It'd soak up all of our available capital but throw off a nice rental income stream from vacationers (especially in high season).
Frank Kosiba
VRBO Instant Booking Cancelation?
12 August 2017 | 5 replies
We recently enabled Instant Booking on VRBO for a seasonal vacation property.
Christopher Erwin
Full Financials of My 1st Midwest Duplex - 9.5% CoC Baseline
16 August 2017 | 16 replies
It’s a simple yet robust financial tool that I highly recommend for both newbie and seasoned investor types.
Gabriel H.
Naked Tenant Issue in Texas
21 August 2017 | 19 replies
The more seasoned nurses would tell me "these are guys; they never stop trying until they are six feet under".
Jennifer Cheu
FHA Financing for First 3 Family Property
23 August 2017 | 9 replies
It's more common among more seasoned and experienced Loan Officers.
Jason Chen
Insane 20 room motel deal
16 August 2017 | 19 replies
I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?
Anne Whalen
Mold in rental property, do I charge my tenant?
16 August 2017 | 6 replies
Someone suggested it may have been from a humidifier or the heavier rains we got last season.