Jose Linares
Hurricane Florence - Multifamily/Commerical Disaster Response
12 September 2018 | 0 replies
Hurricane Florence is about to strike the Carolinas and then possibly Georgia, according to the latest storm track predictions.
Benjamin Haberman
I have a property with 2 units on it. Can I do one well?
18 September 2018 | 3 replies
Their plumbing inspectors will put you on the right track.
Paul Aguilar
6K in the bank... where would YOU start?
12 September 2018 | 3 replies
I don't have much saved up (6k) and I have good credit (700+) with minimal/manageable debt.
Jay Nielsen
Electrical for Subdivision
1 October 2018 | 12 replies
In Northern Indiana (Nisource), it used to be 20+ years ago (and I assume its still the case) you would have to put a deposit down to cover the gas and electric distribution services, and you could get some credit back based on houses going into service with some assumed usage patterns.City run utilities and REMC's would have drastically different practices.
Nancy Roth
Terrible tragedy for Sec. 8 tenant: how to respond?
19 September 2018 | 24 replies
I'm curious as to how an 18-year-old managed to pass your screening since they likely have zero credit and zero Landlord reference.
Keith Hebert
need pro advice on whether to hire an in-house bookkeeper
15 September 2018 | 10 replies
My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.
Colin Courtney
HELOC process advice
24 October 2019 | 8 replies
However, we weren’t looking for the largest possible line of credit.
Ike Stephens
Question on Being My Own HML
13 September 2018 | 2 replies
I'd repay the loan I took from my LLC and then move on to the next property.The beauty of this is it won't be a hit on my credit so my DTI won't be impacted at all and I can give myself a better interest rate than a HML would.Would a bank or lender have an issue with the source of funds used to acquire the property when I go to refinance?
Tyler Speelman
Tenant wants to break lease. How would you proceed?
13 September 2018 | 4 replies
Tell them you will begin advertising and screening applicants immediately, they will be responsible for all your costs associated with finding a replacement (advertising, screening credit checks etc.) and that they will be responsible for the rent up to the point in time new tenants move in.