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I notice that apartment companies will sometimes send any money owed immediately to collections although it doesn’t actually go “into collections” for a month or two. Does anyone, especially people in SFH do the same?...
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Dear Experts,I had a tenant who was two months behind and under the threat of having an eviction on his record agreed to voluntarily move out and pay the owed amount at a specified later date. I drafted a document usi...
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Hi all, I'd like to see your advice on my very weird situation with my ex-property manager in Chicago- Get Cashflow Today. They just sent my account to collection agency, asking me to pay the bounced check happened in...
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I have heard this question on the BP podcasts a few times now and it always made me think. "Pay off debt or work around it"? Then the answer would come,"It depends on the person".
I would quickly think about...
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Hey everybody!Our tenant owes us 900$ as the damages done to the property exceeded her 1100$ deposit (total for turn around was 3100$). Before turning this to collection, we would like to give the tenant a chance to p...
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I bought my first househack last year, and I am getting ready to make an offer for the second one. My question is about how the DTI ratio is calculated when I apply for the second mortgage. My understanding is that as...
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We have rentals in PA and NJ. Evictions are few and far between, but when we have one, the security deposit is NEVER ENOUGH to cover back rent and damages, the tenants always owe more. Bad stuff happens to good ...
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Where do I go to find out the exact rules about use of bandit signs in a city?
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When I was first starting out as a landlord and before I really made any effort to educate myself I of course made some mistakes. One was letting a tenant fall three months behind on rent before they ultimately left (...
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on an Action is it true that if i pay the main Loan I don't have to pay the Junior Loan?