Annette Schneider
Water company mishandling of payments
When we purchased our two properties, the water, sewer and garbage were billed by the local municipal government. A larger water/sewer authority took over these accounts and its been very problematic. It takes over t...
Chin P.
Maryland Security Deposit Trust Accounts
Question for those landlords operating in Maryland. I understand that the Maryland Security Deposit Law requires landlords who collect security deposits to deposit the funds collected, within 30 days of receipt, into...
Account Closed
How long will it take to receive the funds after meeting at the Title Company for Closing?
Hello everyone,I primarily do buy and holds with rental properties, but I have been seeing more and more opportunity in fix and flips.With this being said I am set to Close on a fix and flip on April 23rd.I just wante...
Jason Smith
www.erentpayment.com
Does anyone use www.erentpayment.com ? Any recommendations, suggestions, or problems? I would prefer not to handle to rent coming in off of a duplex I am in contract with. I will be the one mowing grass and there...
Greg Todrank
Property Management - Paying Owners
I’ve run into an issue with how to pay a client for STR hosting/PM. I would like to do it electronically, but I’m butting up against monthly limits in Zelle. During high season I will be distributing $10k+. Anyone hav...
GREG B
Generic or Official-looking Letter of Intent
I'm trying for the very 1st time to wholesale a REO house. I submitted an offer with a real estate agent who showed me the property. Within an hour of my hand-delivered Letter of Intent that I gave her, she called me ...
John T.
Rent Payment via ACH transfer downside?
Hello BP!I currently have two rental properties and both tenants pay their rent via ACH transfer into my bank account. It's pretty much a bank account to bank account transfer.Are there any downsides to electronicall...
Stephen Tong
Facebook "Private Lenders"
Im sure everyone in this forum has seen or been contacted by "Private Lenders" on Facebook. I was recently offered this...Terms are flexibleJohnInterest Rate: 5.5% (Buy and Hold), 8.5% (Fix and Flip), Cashout/Refi (4....
TJ Fries
Best Lending/Financing Options for New Investor
Hello everyone! I'm a new investor, haven't purchased a property yet, nor do I have a lot of funds to contribute to the deal. What is everyone's opinion on the best lending/financing options for someone with my exper...
Yao Thompson
Application Timeline for Prospective Tenants
Is there a set timeframe that must be adhered to between when an applicant submits and pays for an application to rent a unit and when they must receive a decision by? I am in the process of renting out a home and aft...