I've Been renting all four rooms in my house out individually for about 10 months now. Usually no issues. Tenants have come mostly by word of mouth through some local tradesman. Recently I've had 2 guests that were me...
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...
We just completed one year of business in our first STR. We are in NE Ohio, a few minutes from Lake Erie. Surprisingly, we averaged 57% occupancy for the year. It's a 3 bedroom/2 bath rental, so it does great for fami...
Own 3 homes, at what point did you outsource to a property management company?Did they rip you off? ( Not care For your home effectively)
When I started my MTR journey in January 2023 I would never have guessed that less than a year later I would manage over 20 MTRs and have over 80 MTRs total in my company's network. As I've grown my MTR business, oper...
First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...
I used to run a profitable wholesale business in memphis where I did and found all the deals. Doing everything on your own can make for major ups and downs. I am really good at managing people and hustling. I am not g...
I have a tenant that got a divorce and I’m signing a new lease with him and he is asking me to change his locks is it my responsibility as a landlord
Wholesaling a property in IL. I can get it under contract for $196K, the (as is) comps are selling for about $240. The property its self it pretty turnkey for a rental property, although 5-10K could make it look nicer...
These are the loans where a bank lends you (for example) $10,000, but you must establish a CD or savings account with that bank in the amount of $10,000 as collateral and you can't touch the account until the loan is ...