Hello all!
I'm looking to fill a vacancy and would love to use an online platform like cozy or mysmartmove for applications and screening. However, with the new laws passed in NY limiting application fees to $20 and...
I'm in negotiations with a STR management company. The bit of their contract that has me concerned is that, per their contract, they can charge any fee at any amount and retain the money while also being in control of...
We rented out our house for three years, using the services of a local property manager. It wasn't disclosed to us until near the end of the lease that the tenant was late 25 times, and no late fee was ever collec...
Hi BP!First off, thanks for reading this and any help you can give would be appreciated.I own 6 units in 2 houses and going through my share of headaches with a property management company (I know this is, unfortunate...
When we formed our first company, about 10 years ago, we chose an LLC format and that has worked out fine. We carry umbrella liability on the LLC and each property is added to the policy as they are purchased.
Base...
I'm currently paying mortgage on a home and have decided to rent it out , the renters have been there are year and it is now time to resign the contract. The renters stated specific conditions for the renewal , one o...
When I was in college, I took an economics course. While I only got a “C” in the class, one thing I did takeaway was the concept of “Supply and Demand”. In my 25 years of investing in distressed second mortgages, I...
Hi guys I need some help structuring or understanding how to run and manage a wholesaling business. My plan is as follows
1.Get llc
2.Build a team (lead manager, acquisition and dispositions managers, cold callers...
I've noticed there are roughly three things that are a common issue when tenants move out. As such today I started sending emails about these items to tenants, starting with the tenant I have moving out now.Carpet/Wal...
Hello BP'ers Just wanted to gain insight on how you run your rental business in regards to finance operations. Do you accept rent payment electronically? Did you open up a separate bank account to track income/expense...