Julie Marquez
Am I a Shady Landlady?
All of our rental agreements are month to month. To incentivize people to stay longer, we charge a move in fee that can be added forwards the refundable deposit if they stay over a year. Example: rent is $1000, move i...
Markus March
Late Fee Pricing
I have a rental property in Mississippi an I charge $50 dollars late fee with an additional $10 dollars late fee every day after the 5th of each month. My question is what is a good price to charge for late fee an wha...
Account Closed
Southern California home sales crash - Corelogic
Southern California home sales crash - Corelogic (Nothing to see here, move along) ;-)Are we at the tipping Point . . . ????"Southern California home sales hit the brakes in June, falling to the lowest reading for th...
Jestin Sorenson
prospective tenants with high debt to income ratios
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...
Jeff Trevarthen
Emerging Markets for SFR purchases?
Hello BP,I'm looking for emerging markets for single family homes which can be purchased for $100,000 or less. The properties should cash flow (even just a little) when purchased with 20% down. The locations should...
J. Wang
Tenant paying late, but not later than 5 days
Hi fellow landlords,Today I had a situation with one of my tenants in NC. This tenant has been paying rent always on the 5th, although the lease agreement says the rent should be paid on the 1st of every month. She pa...
Adam Widder
Where to store rental reserves?
We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...
Nicholas Armstrong
20 YEAR OLD SUCCESS!! And why others keep failing..
Hey guys and gals!Before I get to my actual post, let me just say this..First and foremost, I'm pumped! Pumped about the future and what it WILL hold. Pumped about the big juicy problems I am currently dealing with (d...
Brad Hasseler
Where do most property managers fail?
I have been working in the automotive industry as mechanic for the last 12 years. I like what I do and I'm good at it, but it's time to get out. SO long story short I'm getting my real estate license. I'm going to b...
Rich Baer
Real Estate Bubble Popping
Be careful out there people. Whether this is day one of the bubble popping or we have a few months left, everyone needs to reevaluate their holdings and future plans. The evidence is everywhere. Housing prices are qui...