Jason Malabute
finding a Key Principal process
I'm working on my first apartment deal. I might need a key principal if purchase price /loan amount is above a certain amount.I was told I should start looking for a key principal well before I find deal. Is this true...
Cory Lucas
1st time screening applicants, BP I’d love some tips/advice
Ok, a little bit of background on the property. I have a 3 bed/1 bath single-family home that I am still renovating. I plan to have it ready by November 1, hopefully sooner. I got the house renovated to the point to w...
Tom Canterino
Tenant wants 2 more people to move into unit. What should I do?
Hi everyone,So one of my tenants, who is a really good on time payer, called me today to ask if her niece and nieces child could move into the unit for a month. I guess she has no heat and had landlord problems with t...
Kurt Hines
Security Deposit in Metro Detroit
Hi everyone! I'm wondering what security deposit everyone is requiring in Metro Detroit. Currently I am at the state max of 1.5 rent in Plymouth, but I am considering lowering it to increase my tenant pool.What has ...
Kris B.
Business structure in texas
What's the ideal business structure in Texas for sole-owner, flipping business that offers anonymity, tax efficiency and asset protection? Does anyone have a recommendation between Texas series LLC and WY(or NV) C-cor...
Aiden Harris
Beginner learning to screen potential tenants -- Help !
Happy fourth all,So, I have begun the journey of finding new tenants. My current ones are buying a house and I could not be happier for them.I am using Cozy for the submission of screening (credit & background). I...
Simeon Andre
Out of State Tenant- Key Return
Hi,
I have a current out of state tenant who will be moving out much sooner than expected. Any ideas on how to go about collecting the keys? I don't currently have a property management company and the property is in...
Matt Sargeant
Late fees overcharged and yuiokkll
The AppFolio app that is used to manage the rental property has overcharged beyond the legal 12%many times and the bookkeeping for historical payments from tenants has been doctored to show different amounts and to co...
Travis S.
Property Evaluation Techniques
What are some of the techniques you guys use to determine the value and/or monthly rent of a property ?
For example: I use the "Five Step Property Evaluation" technique from the book "The ABC's of Real Estate Investi...
Eric Lyric
What do you do if you owe the IRS money?
Is it possible to buy, rehab, hold, and refi if you have a current IRS tax lien of $50k or more on your personal credit?