Chuck H.
Venmo, Paypal, etc. with an LLC
For those who use Venmo, Paypal, etc. to collect rent, how do you handle it with your LLC structure? My Venmo and Paypal accounts are my personal account. I receive the rent then immediately transfer it to my LLC's bu...
Matthew Murray
Conflicted on sending tenant to collections
Hi,I am at a crossroads with this tenant. Background is she’s about 4 months behind in total rent, original lease ended in December, now going month to month because I didn’t want to put her out as she’s a single moth...
Jacqueline Mee
Collecting payouts as a property manager(management/cleaning fee)
My business partner and I started a property management company this past year after managing a friends airbnb/VRBO. There was a little bit of flexibility in terms of how we collected money with our friend at the time...
Johnathan Norman
Banks not wanting note investor accounts
Not sure anyone else has run into this but I wanted to share. The books I've read didn't mention this and its becoming a bit of a pain. It seems many banks simply do not want business accounts with LLCs holding notes....
Mary Jay
Credit score 622- collection, can prepay, would you rent to her?
Hi guys,
I was wondering if you please would be so kind and help me out!
I have a prospective tenant, single mom who owns her own business with her ex husband.Her credit score is 622. But, she has few accounts, most...
Anl Gupta
Lease clause for Vouchers
Hi EveryoneI am thinking of getting a lease for someone who is going to pay initially based on a voucher from a state agency. Here is trick, the rent and deposit is not paid until about two weeks into lease. So do I h...
Matt Good
Seek Capital LLC BEWARE!!
I'm just creating a search engine trail with this post. :-)I originally requested $20-25,000 in funding preferably cash. When I spoke with Carl (Bernie) Garland he said that they could probably get me twice as much wi...
Kyle Clark
Collecting old tenant debt?
I have family who have or who have had rentals in the past. They do nothing to collect upon the debt owed by these lowlife tenants. I wonder this because 1 relative of mine spends a fortune every time she evicts some...
Foster Zlab
House Hacking Rooms To Rent - First House
I recently bought a single family house and had a lot of questions covering rooms to rent out. I currently live in the house and have 1 room to rent with a potential second room to rent with a little rehab.1. Should t...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...