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I got a letter from my lender saying there's a escrow balance shortfall after they've conducted an account review. I can pay it upfront or pay it in 12 monthly installments by allowing them to take the additional amo...
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My in laws have a home in Southern California that they purchased 20+ years ago. Their mortgage even with a refinance is less than $2200 a month. We have a friend who works for a property management company in the are...
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I just bought a 4 unit in a C neighborhood and inherited all of the tenants. They are lower income and though we've only collected rent twice, 3 of the 4 units paid late. I came from a lower income and understand that...
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Hey there guys, I have a question for you all in regards to late fees. I made the mistake by giving my tenants my bank account information and just had them deposit their rents into the account, well that opened up a...
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Curious about realistic expectations for outcome of a performing note. Example - A note modified a year ago to lower payment and get borrower making regular payments again. New 15 year amortization at 10% and approx 1...
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Hello, i applied for rental assistance back on 5/15/2021. Now my status is Application Approved. It has a dollar amount pending and it also says Landlord: null Sep 07 2021. Can someone explain what this is really saying?
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Tenants usually pay on the first Friday of the month. I’ve had them for 2+ years, 0 payments were received on the first of the month. I don’t send out late rent notice nor eviction notice, they are my literal neighbor...
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Hello everyone, My wife and I are looking to purchase our first rental property in the upstate of South Carolina and are hoping to utilize this opportunity to do a house hack! However, since this is our first time do...
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Hi guys,
I am from Germany. In the process of committing to my first deal. It's an owner financing/ rent to own.
Situation:
The owner is separating from his wife and hence wants to sell his home. They bought the home ...
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Hi Seattle landlords. Does anyone list particular debt limits (like, "no debt in excess of $1000 that isn't in a payment plan") as part of their screening criteria? I'm wondering what is both legal and advisable in th...