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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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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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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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So in starting the new year off right I signed up for a business card, that way I can keep business expenses separate and make bookkeeping easier (Operating as a sole proprietorship). First few purchases at home depot...
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Hey Guys,I am in the process of picking up my second rental property and am looking to streamline the rent collection process. Currently I collect a check from my sole rental but would like to offer electronic payment...
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Hello all, I am new to the bigger pocket forums but have been a listener of the podcasts for some time now. I recently purchased my first rental property which is a triplex in the Granite City Illinois area, a small s...
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Hey Guys - what is everyone preferred way of taking rent payment? Only own two units currently, so I don't need a robust system just yet. How should I have my tenants pay me? Up until this point I've just been taking ...
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I'm new to REI and I have on okay credit score and my wife has a real good score. Should I look into 203k loans to get my first rental property? Has anyone had any experience with a 203k loan? Help please. Thanks.