27 March 2020 | 8 replies
If cash flow stops, most of those BRRRR investors were not properly prepared to weather the storm.
30 March 2020 | 16 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.
22 March 2020 | 18 replies
I know when I posted this question 3 weeks ago 75% or more of the responders were of the mind if their tenants don't pay its not their problem.. they are running a business not a charity etc etc.. well I guess we will see how it all play outs. what I am coming to realize is that a lot of landlords that are worried about paying their own bills APPEAR to maybe not have taken the advice of many and have proper reserves that you dip into during this type of situation.
20 March 2020 | 6 replies
Hi Biggerpockets, I need some clarification on what the lending company is going to really charge or better yet on how to do the Proper Math!
20 March 2020 | 4 replies
Now my mom is worried about having the money from the sale in the bank because she feels as if the bank can take her money, again due to virus pandemic, especially since loans are being handed out left and right currently.Is there any advice anyone has as far as proper savings accounts or ira to have money be placed in for safer keeping?
22 March 2020 | 19 replies
Those that spent the last few years living wisely and preparing for a rainy day will not only survive, they will thrive as they buy out the weak.In my mind any landlord that is paniced becasue they will not recieve one or two rent payments falls under your description above.. they need to reassess the proper way to prioritize their cash flow and funding to have reserves / emergency fund..
20 March 2020 | 1 reply
Proper screening should be your main defense against dead beat tenants.
27 March 2020 | 23 replies
Until they get an official response from the governor regarding their pending waiver request, the industry is taking the position that closings are an essential service and the wheels of finance must keep turning.
20 March 2020 | 7 replies
Do a routine inspection, check the plumbing under the sinks, check the drains for free flow, check for running toilets, check the base of the toilet for leaking flange seal, dripping faucets, change the furnace filter, inspect the attic for potential roof leaks, check the condensate pan under the HVAC, check the pan under the water heater.Common sources of smells are pets (especially cats), kids peeing somewhere other than the toilet, garbage/refuse not being properly disposed of, plumbing issues.
8 April 2020 | 8 replies
-Indianapolis, ID-Orlando, FL-Greater Phoenix Region-Irving, TX and surrounding-Upstate NY and around SyracuseI was hoping I could get some experienced insight on how to properly invest OOS, what areas to avoid, and what might be the most promising for my budget.