Deb Smith
Late fee question.
when there's a late fee policy of a % of the rent and a partial payment is made. Say rent is $1500 and only $1000 is paid. Is the % on the total rent or just the unpaid amount. Ex: say the fee is 10% Rent is $150...
Jordan Becker
Need advice on tracking income/expenses from RE for taxes, etc.
Hi all, I could use some advice on how best to track my income/expenses from RE investments in a way that will facilitate tax return prep by my CPA, but which is not unduly time-consuming or tedious. I'm still a novi...
Jason Poelma
Hello from Las Vegas
Hi, after lurking for a couple years figured I would make a post. My name is Jason Poelma I am a buy and hold investor from Las Vegas. Currently looking at expanding to a cheaper market. Currently researching the O...
Kevin Barnard
New tenant is really late
What's up BP been a while. I purchased a triplex OOS in November . Two of my inherited tenants always pay on time or within a few day . Now the 3rd cost me a bunch of money by leaving with no notice and trashing the p...
Michele Velazquez
Keep Tenant or Get Him Out
I have a MFU in Austell, GA which is managed by a PM. One tenant is paying $400 below market rent, he is often late for rent, and has returned checks. He is paying the least amount of all of the tenants. His lease i...
Deb Smith
Fees question
In my lease The section about all of the fees it states there's a $25 charge for all notices to be sent.Here's a copy :Additional Lease terms: (1) Late payment fee of 5% of the monthly rent becomes effective three (3)...
Austin Mudd
Wholesale Deal - Renew or forego tenant lease?
I'm working with some out of state homeowners who are interested in selling a SFR in Pittsburgh. Here are the detailsPrice: $150,000 - Homes have sold anywhere from $120k-300k in the surrounding few blocks. Actual val...
AJ Wong
Are Real Estate valuations rising or the value of dollars declining?
In 2018 the average US home price was $248k
In Dec 2023 the average US home price was $382,600.
An increase of roughly 50% in 5 years.
$100 in 2018 buys about $80 worth of goods in today's purchasing power.
A d...
Tyler H.
Seeking Advice on How to expand SFH rental portfolio....
Looking for advice, creative or traditional. I'll try to keep the post simple.My goal: To add additional SFH rentals to my portfolio. 2-3 in next 6 monthsMy RE history: Investing/managing my small portfolio of 3 house...
Patrick Moore
Tenant is a month behind! Help!
So my basement tenant, which I inherited, is now one month behind. He's been late almost every month since I closed on the prop. He is on a m2m lease. He does pay his late fees but he's never been a whole month late.I...