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Potential tenant with late payment history
Would you rent to a prospective tenant who has a history of late payments? From the landlord reference, I discovered that he made 3 late payments in the past year. Each late payment was collected within 1-3 days (af...
Edgar Perez
Quadplex Winter guidelines for tenants?
Hi there,
I am in Wisconsin and have a Quad where I'd like to set some guidelines specific to winter for the tenants.
Some details:
2Upper/2lower, (2)studios/(2)1bed
each lower has control of thermostat for both...
Mario J Perez
Multi-Family Expenses as part of Gross Operating Income
Hello,
I would like to get an idea of what percentage of the gross income expenses are in a large multi-family property?
I realize this is going to vary, but I would just like to get a ballpark figure.
Thing is, wh...
Jeremy Lee
Commercial business/restaurant appraisals in the LA area.
Hey all,My in-laws have their [Chinese] restaurant listed in the Los Angeles area (they own the business but are leasing the space they're in currently) and don't really seem to have a valuation of their restaurant. I...
Antony Munoz
What are some creative forms of financing?
Hello, my name is Antony F. Munoz from Portland Oregon, and I am new to REI. I am in the middle of creating my personalized REI strategy and am looking at different forms of financing. I was curious, what are some cre...
Matthew Cervoni
Tuesday Tip: Benefits of Great Bookkeeping
Bookkeeping is not a sexy topic to discuss, unless you're an accountant, but having great bookkeeping provides some huge benefits: Tracking Key Performance Indicators (KPIs) to boost profitability or keep more cash in...
Nick Zias
Choosing the right path
Hi All,
If your main goal is to invest in rental properties and retire from the corporate world in the next 5-10 years would you choose a job that pays more, is more stressful, longer hours and more one dimensional o...
Daniel Pitner
Divorce - What Should I do With My Funds?
I'm going through a brutal divorce. Besides the heart break, there is a lot of stress associated with what to do with our properties. Right now my spouse wants to sell everything and split the equity. After realtor fe...
Eric W.
Is Texas a nightmare to be a landlord?
I live in the DFW area and have been considering a rental property. But from the outside looking in as someone who isn’t a landlord, TX seems like an absolute nightmare to own a rental property: 1.) crazy weather (tor...
CK Hwang
Teach me how to bankrupt myself using credit
Hi everyone, so this question might come across a little strange, so I thought I would first give some background information. So as things go, my little fix and flip business is starting to grow and I am starting ...