I am looking to invest in a multi-family home in Westchester, NY (2-3 units) Does anyone have a formula / calculation to evaluate rent roll? Thank you,Nick
Hi, I had a tenant at a property who I had acquired with the property about 2 yrs ago. The tenants were living (for 8 yrs when I bought it) in the property with a month-to-month lease when I purchased it but had no de...
Newbie here. Got some questions about rent. How is rent handled when you have a property manager? Does tenant pay the property manager and he takes his cut, sets up expenses reserves, pays P&I, insurance tax escr...
Can the cellar of a one- or two-family dwelling be lawfully rented to a business in NYS?
Hello All,
I am just starting out in real estate. I wanted to know the best way to go about finding a Rent to own House in a good area of NewYork,NY
Any advice or tips would be greatly appreciated.
In late February I sent out a number of 60 days notices for rent increases to begin May 1. Now two of the many say they did not receive their notices. They were not returned to me but I have no proof that they actuall...
Hello everyone,I have been looking for my next rental property to buy for the past 10 months with a few offers submitted but nothing closed. My strategy has been to focus on the lower income properties as this is easi...
I've got a single family home that is soon to be rehabbed and available for rent this June and am wondering about offering this one with a rent to own lease.How successful is this strategy with you all and what are th...
I have heard different opinions regarding late fees. My properties are in the Denver Metro area, and the currently renting for $1150 per month and I charge $20 day late fee stated in the lease. Is this fair and re...
Is it possible to setup an automatic transaction each month from the tenant's checking account into my account for rent collection? I imagine that the tenant's bank needs a voided check from me in order to start the ...