Steven Braden
Accepting applicants who are in collections
What are your best practices for accepting an applicant who has a credit report showing active collections? The credit score meets our criteria 640 or greater, good landlord reference, and income of 3x's the rental r...
Francis Poblete
Starting Out - Property Management Collection
Hello,I am a 1st time landlord working with a local property management company in Maryland, USA for my 1st rental. I wanted to know if the practices of this management company for collecting rent is sound. I would li...
M. Turner
Bank foreclosed on second position before first
I recently bid (and won) a foreclosure auction in which the bank owns both the first and second positions on a property. For some reason, they decided to foreclose on the second position first - giving me the opportu...
Jay Story
Judgements against a living trust
Hello BP! I am trying to purchase a parcel of land from a family member, however there are a couple judgements against it one of which is much larger than value of the land itself. County records indicate the parcel ...
Sean Relyea
Baselane & ACH Collection Services
After receiving payments in cash, check, Venmo, Paypal, and Cash App in the last year, I think it's time to look for an ACH collection service. I've been seeing constant ads for Baselane, which I'm guessing is newer b...
Bhushan Shinkre
Lending platform with no-fee direct ACH to Bank Accounts
There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank). I'm honestl...
Daniel Dominguez
We need you help! We have a few questions
Hello everyone,We have a few questions as we get started seeing up our first rental property.1. Is it common practice to have the renter pay for the background check?2. Should we collect a security deposit and first/l...
Marco Bario
Investing in Unsecured Debt
Currently, US residential homeowner equity is high, and foreclosure numbers are low. At the same time, there's a rise in unsecured consumer debt such as debt consolidation loans, credit cards, and retail accounts. I'm...
Account Closed
legal fees
I focus most of my time on real estate. I left the practice of law a few years ago. I was doing small pieces of big cases in commercial litigation. My job was extremely research intensive and involved too little pe...
Andrew Bane
First & last month rent
I know in New Jersey you can only collect one & 1/2 months security. But when doing a lease & collecting money, can you get the first and last months rent. I always get screwed when the lease is up they don't ...