Mark Dreher
Property Management common practice procedures in Cleveland Ohio
My wife and I own several SFR rentals in California that are being managed by a third party property management company. In California, our tenants pay all of their own utilities that are placed in their own names at ...
Dorothy Pruitt-Smith
Can anyone supply a sample practical lease agreement
Hello all, I'm just in the process of buying a side by side town home. Does anyone have thoughts on how to select compatible tenants and also can anyone supply a sample lease agreement
David Vitarelli
Philadelphia, PA - Best Practices to find Rehab Contractors
Hello All, I have dabbled in real estate for some time now. Personally, I only own two units but I have been active in helping my father "fix and flip" and "fix and rent" about 15 properties over the past 10 years. My...
Himanshu Jain
Tips best practices on managing Property Management company
Just wondering if people/property owners have any tips/suggestions strategies that they have used in the past to manage property management company. Primarily to ensure they are achieving the desired operational (leas...
David Gonzalez
How to study and practice a sales script
Hello BPer's,This forum is filled with useful sales scripts and objection handling techniques. I wanted to know how you guys (and gals) practice sales scripts. My goal is to standardize the way I communicate to client...
Parker Clements
Best practice to source financing for Residential Rentals
My business partner and I have been investing for 6 years and paid for our current properties via FHA loans, cash, and one cash out refinancing under an LLC. However, with the cost to borrow money from banks and CU be...
Account Closed
Best practices for bookkeeping if not under LLC
Hello,I’m closing on my first deal and have decided to hold off on putting the property under a LLC. Since I wouldn’t have an EIN to create a business checking account, am I allowed to simply open a new personal check...
Byron W.
Delisting / relisting with a dropped price. Bad practice?
I'm currently in search of my first multi-family live-in property. And I've noticed something that was odd at first. Some properties have been listing for say... $500k and after a month or so of no offers, they'll del...
Rishi Da
Wanted your thoughts on my practice deal analysis
Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface ...
Steve Hammer
What are your best practices on collecting rent?
Hey guys! My biggest concern is late paying renters. What are some good practices or policies that you use? Thanks very much!