Nili Yosef
Security deposit question- has to be in a savings account?
Hi all,Am i legally obligated to keep security deposits in a savings account? is this only if the property is under an llc or also if it's my name?Thanks!
Greg Meyer
who should keep the security deposit$$
I am an out of town investor. As such, I depend on a property manager (PM) to sign up new tenants, collect rents etc. Some security deposit $$ are in my bank,with a dedicated account and some have been kept with the p...
Marshall Adams
Best 'day job' to get into full-time adaptive reuse of CRE?
Hi everyone! I'm looking for some perspective from more investors who have done commercial adaptive reuse projects.TLDR: Is operating my commercial property handyman company (it's just me right now) the most effectiv...
Banu Sho
month to month lease renewal?
I have two units Prop subject to RSO in LA County. The second unit occupied by family just became vacant due to death. The tenant of 1st unit wanted to rent the 2nd unit, filled out the application but I found a bette...
Andrew S.
Property Managegers: Quibble over maintenance override
I'm in a debate with my PM over the following scenario and I'm looking for some opinions.Tenants move out and property requires $500 in repairs (beyond wear and tear). PM has the work done and charges $500 against th...
Gamal R.
Trust account for property management
Im planning on oppening up a PM business in Florida. I have been learning up on the subject. I know I need a trust account for the rent I collect but How and where do I open one?
:oops:
Timmy Marker
BRRRR Investing with No Income or credit
Hi Everybody,I am 18 years old from New Jersey and I want to start building my rental portfolio. I have saved up about $80k and I am trying to figure out the best way to utilize the BRRRR method. I do not have any i...
Account Closed
BRRRR: Can a freelancer get a refinance on a paid-off property?
I have been reading about the BRRRR method of investing, and I am very interested in trying this in the future. However, there is one step that I need some clarification on, refinancing.Currently, I have a W2 job, dec...
Kevin Kim
SFH property to sublet STR for travel nurse etc
HelloI just closed the 3 BED room half duplex SFH in Connecticut. I started marketing at Zillow for rent. I have received one inquiry about STR arbitrage. I was just thinking regular tenants 1 year lease BUT i haven't...
Tyler Williams
CMBS Wholesaling Deal
I've never done a CMBS deal before so I am new to this. I have come across a portfolio of apartments that have a CMBS loan of 29M on it. The seller wants an 11M check and the portfolio is ours. My question is, is ther...