Derek Persuit
Property Manager/Home Warranty
I'm going through a situation where I will have to hire a Property Manager as I will be long-distance landlording. My home warranty is up for renewal and I am weighing the options.Is it overkill to have both a Propert...
Account Closed
Does anybody have a Cost breakdown spreadsheet template they'd be willing to share w itemized costs of buying NPL's from banks?
e.g. purchase price, title, escrow, servicing cost, legal, et cetera.
If you don't have a google doc spreadsheet to share, what are the costs one incurs when one buys NPL's directly from a small community...
Weng L.
The community has only 2 units. Is HOA required?
I am buying a new construction duplex from a builder. However, each unit of this duplex has its own property ID (aka parcel ID or folio ID), so they are 2 properties technically, and they are called "condo" in the cou...
Account Closed
The Association Board of Directors Causes Sever Problems
Hello All, I ran into something that I don't know how to handle. I have three rental condos at the same building in Florida. It's a 36 unit building run by the Board of Directors with some help from a Management Compa...
Ashana Singhania
First Rental Property - CPA made Scorp election while creating LLC
Hi All,
I'm looking for help as I've been receiving really contradictory information after several CPA consultations. I'd love some advice or Real estate specialized CPA suggestions.
Context - I recently bought a pr...
Ken Rishel
Chattel Lending on Manufactured Homes and SCRA
This is an excerpt from a client report:Many chattel lenders are under the impression that SCRA does not apply to them based on materials published by HUD in which HUD disclaims any authority over the chattel lending ...
Chae Young Hahm
Texting compliance advice please!
Is there anyone familiar with texting compliance? If I hire a VA outside of the country and make VA to send text messages, would there be any significant issues? Or is it better to use a professional texting service t...
Ken Powell
Tenant back ground research
Can anyone recommend a good company to use for tenant screening? I am in Virginia Beach, Virginia but I am open to using online sources. Thank you in advance
Milo Jocson
Covid19 - Additional Cleaning and Disinfecting
Hi BP community - is anyone utilizing extra cleaning and disinfecting services in the common areas of your buildings? Have tenants requested such services to be performed? I have proactively done weekly general clea...
Hans Restuccia
HML's- are giving the 4- HUD Settlement Booklet on business purpose loans?
The book states as follows:
"The Real Estate Settlement Procedures Act (RESPA) requires lenders and mortgage brokers to give you this booklet within three days of applying for a mortgage loan. RESPA is a federal law ...