Jared Sandler
Important questions for a Hard Money Lender!
After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Alex Molina
Need help calculating final buying costs based on HUD
I have a question, I'm closing on a flip next month and need help with my final buying costs based on my HUD. I've done the calculations, but my numbers don't add up. --------------------------------------------------...
Dennis Day
Gun Use on Rental Property
Had an incident recent whereby a tenant, who possessed a handgun, used it in an altercation at a property I own. Now, while I would never disallow anyone his Constitutional rights, I'm still in a quandary as to whethe...
Michael Stole
How does property managements work and how much do they charge?
In another post, I ask for reference of property management for managing a SFH that I intend to rent out. Though I am out of state, I don't want to sell given the rising market condition there.
Here I would like to ...
Julian Mills
How to switch water from owner to tenants
Recently purchased 3 properties, 4 units with inherited tenants. The tenants are all on month to month leases. Was wondering what is the best route on going and what documents I should provide when approaching the i...
Tricia O'Brien
California - Rent "paid" when electronic transfer initiated vs Landlord gets $$ ?
Hello BP folks! My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. This is 2 day...
Becky Lu
How much do you trust a tax firm to appeal your property tax?
We used a company to appeal for our small apartment in Houston (Harris County) this year. The result just came out. The initial assessed value was $890k and the final $820k. According to the bill they sent us, they've...
Becky Lu
How much do you trust a tax firm to appeal your property tax?
Hi everybody! We used a company to appeal for our small apartment in Houston (Harris County) this year. The result just came out. The initial assessed value was $890k and the final $820k. According to the bill they se...
Jimmy Chao
How to handle unpaid utilities
I have 2 recurring charges - Rent and another for sewer and trash. They have paid the rent this month, but not the sewer + trash. I am wondering how to handle this and if a late-charge is needed.The lease states the s...
Joshua Burgeson
Advise for Banking / Accounting for STR Management Company
Hello! Does anyone have any suggestions for banking and/or accounting solutions specific for STR management companies?Would love to know how others in this space have their banking setup (specifically for trust accoun...