Abe B.
Bank Accounts + Landlording
Hi there,
I'm about to close on my first property (6 doors) and am realizing that I don't know how to collect rent in a convenient fashion for the tenants. I have been told to use Baselane so that they can ACH transf...
Brian Fitzpatrick
What documentation do you have for collecting rent?
What kind of paper trail do you maintain when collecting rent? I collect rent monthly through Venmo but never give the tenants an invoice or a paid statement. Is collecting electronically enough if there were ever any...
Donald Howaniec
How are your tenants paying rent?
The ach service that I was using for rent payments has been absorbed by another company. Upon review of the new service, I decided to look elsewhere. I looked at Cozy but there ach payments take 5 business days to pro...
Joseph Sanchez
How Can I Find Good BRRRR Deals....Frustrated!
I have been on a quest to find good BRRRR deals in my area. It seems that everything I look at and run through the BRRRR calculator is overpriced. Is anyone having the same issues? If so, I like to know how you are fi...
Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...
Kyle Seidel
Why doesn’t short term rental income count as income in DTI ratio
I want to get a short term vaca rental in Nashville but I just ran into a roadblock. My lender said that they can’t qualify short term rental income as income since it’s not guaranteed. It seems silly to me that they ...
Colleen Ayers
Landlord Burned the House Down
I'm helping out a friend whose rental home burned down last week. It was a shared house arrangement - the landlord is an older woman, and she rented out two bedrooms in her home, one to my friend and one to another re...
Hilary Graves
Inherited Tenants with Multiple Pets
Hi everyone,My wife and I are closing on our first property on March 1 (5 units.) We are inheriting 4 tenants and one vacant unit which we plan to update as soon as we close. We have been combing through the current t...
Nicole C.
Tenant struggling to pay rent on time
Hi All, Someone moved in to my first rental property. She is struggling to pay rent on time. its only the first month. I asked for the first and last rent and she is still short. Any advice on how to move forward? I h...
Manco Snead
OOS Property Seller Disclosure Issue
Greetings,Trying to determine if the seller would hold any responsibility for the following. Bought an OOS duplex 6 months ago. From the beginning one of the tenants has only paid rent when coaxed by property manager ...