We have recently put our rental house back on the market and are currently screening tenants to move in. I have a tenant interested in my property and meets all requirements but he does have a criminal background. It ...
Hi all! This is my first time posting. We are planning on renting our primary residence starting this summer (we are moving in with our grandparents as caretakers), and I have a question about how to word something in...
Hello! I am new to the investing world and have started to network at the Milwaukee Real Estate Investors Association (REIA) and was wondering if anyone on here has gone through their mentoring program that they offer...
We have a house we are selling and have it under contract. We are set to close in about a week. Last week, the title company said that there is a Mortgage lien from US Bank in 2008. We never had a loan through them an...
Its about $1300 of work. Basic things, gutter cleaning, downspout repair, siding repair etc. I asked for proof of insurance and he said I was the first person to ever ask him. Other than PMs. Said hell get it to me be...
I believe this is new for 2023. Jack Henry (a third-party payment processing firm used by Yardi) is now sharing the gross amount of third-party transactions (around 2Mil) with the payee listed as my property manageme...
What are your thoughts on a tenant who lives in the property(long term) but does not have an active lease. She does pay rent based on listing agent? Will an estoppel work here?
Do You Think it is Better to Inspect Yourself or Have a Third Party Inspect the Home?
Purchase price - $50KEstimated Rent $11005% vacancy = $555% Cap ex = $555% Maint. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2....
Interesting perspective I have here. I'm a "numbers guy" and the numbers fooled me into buying a poor property. Had 4 evictions in 3 years. Sold for a huge profit though.The way I see it, operations matter a lot (tena...