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Contractors – A Short PrimerFirst, before I begin, let me reiterate that if you’re a first-time flipper you should not be doing anything more than a cosmetic flip for your first time. Only once you’ve gotten the hang ...
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All
I have a property manager that is taking care of my old home in Atlanta GA. The process as it stands is that he is the single point of contact for the rental property between me and the tenants and they send a ch...
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Failure to Properly Screen Tenants
To secure quality tenants, a rigorous screening process is necessary. Obtaining a credit history is important, but so is getting references from employers and previous landlords. Pr...
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When analyzing a deal, what is the best strategy for estimating rehab cost? Do you only do it after walking the property or inspections? For a newbie, how do you get close without really knowing what to look for?
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It's been a long drawn out process with getting financed via a bank. I own 8 properties and we've been looking to leverage them for a few months now, and are finally in the ending phases of getting a LOC to take out e...
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I have 3 rental properties and am looking to continue building my portfolio. I have had these for 5 years with no system to manage and track ongoing rental expenses.
For example, one of my tenants feels everything i...
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Hey everyone, I recently discovered a rental property in my neighborhood that has an interesting listing. The owner has purchased a home warranty and requires tenants to file claims for repairs. This is the first time...
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Hi All, Newbie here with a Goal to really begin understanding the process of owning multifamily properties. I'm curious how one might estimate repair costs in the Calculator on something like a 203K program? I underst...
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I’m not sure if this post will break rules on posting so apologies if it does and it’s too specific. I’m looking at purchasing a property with 2x single family homes on it. The problem is that it’s failed Title V, has...
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tenant moved in 4 months ago. Has been nothing but problems. Constantly late by 10+ days.He has yet to pay the rent this month (due on 1st). So I gave him the 7 day notice.He is now saying he is refusing to pay becaus...