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Do you remind your tenants each month when the rent is due? Lately, I have had more and more issues with late payments. I have not sent reminders in the past and had not had much late payment trouble. The last couple ...
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When you start something new (a new rent collection software, new method for maintenance requests, etc.) how specifically do you go about getting your tenants up to speed? Do you do a tutorial? Tell them to figure it ...
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Hi BP Community,I currently rent in the Santa Monica area so that I can be close to work. My goal is to buy a condo in this area using the subject to method. Since this method relies on keeping the existing mortgage i...
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Good evening everyone. Hope all is well. In NEW YORK STATE, what is it called when u “Take Over Payments/Existing Mortgage”? Land Contract, installment agreement etc....? Also are mortgages assumable in New York? Anyo...
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Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
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I am a rookie with only 1 rental property as a house hack and I was using rent redi as my payment software until I realized that it charges the tenant a 10 dollar fee every time so goes and pays rent and I don't like ...
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Hi Everyone--I wasn't sure exactly where to ask this question and sorry it’s so long but here goes....And yes, I'm OCD. lolGoal: Buy/Hold Residential properties to exceed my current income after medical insurance cost...
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Hi BP community.
I just finished remodeling my second rental duplex but, since interest rates are too high, I won't refinance, therefore, won't b able to cash out and keep doing the BRrrr method.
I want to learn ...
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Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wond...
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If my wife continues to work full time we can pay off our home in 2 years but she may have to work less than full time due to health reasons and there is also the possibility she might have to stop working to care for...