Bill Ames
Suing for non payment of rent as an LLC
Hello all. I currently have a tenant that moved in last Feb and from the beginning decided that they weren't going to pay rent and has avoided communicating with us. This was before COVID fully turned into the mess it...
Douglass Benson
Tenants? WHO NEEDS THEM!?! (trust me, you do...)
This is long, so read at your own risk, but I hope that you will. I want to thank @lawrence moore who started the thread asking about owning your investment outright or leveraging. That thread had some good discussi...
Cameron Riley
How clean is clean?
When a tenant leavesDo you hire cleaning service? Do you even clean the floors and windows?
Karen Braddy
Pets in rentals, yes or no?
Good morning All,
I was wondering how everyone feels about allowing pets into rentals. Are you okay with it if the dog is small or a certain breed? If you don't allow pets is it more because of the damage they may ca...
Danielle Hake
Has anyone found a good Stessa alternative?
Hi all,
I had been using Stessa since I started investing in real estate to manage accounting on my 4 units. I have a property manager that handles payments/tenant screening so I don't need anything too fancy yet, bu...
Kyle K.
Mortgaged Properties in LLCs
Say you decided to place one of your mortgaged investment properties into an LLC for asset protection. You're doing what you can to treat your LLC like a business (it has its own checking account, filed separately fro...
Darius Kellar
My Expedited Portfolio Using the BRRR Strategy in Michigan (Scaling Single Family)
Hi All,
After 8 years of investing and building my 9-property portfolio I would say the biggest obstacle I have faced thus far is scaling from buying 1 single family rental property a year to buying 5 in one year. Th...
Frank Guzman
When is a loan modification fraud and who is responsible?
Owner of 2nd mortgage started foreclosure 2018 for non-payment and was pulled into Chapter 13 BK. BK Judge released BK hold to allow foreclosure by me after I proved the Original owner had quit-claimed property to ano...
Anna Sam
Numbers received during due diligence
Hi
I am doing due diligence on a property and I see that the owner is showing only about 1/3rd of the annual rents that he is claiming that he is making. he is also managing the property himself. Have you had similar...
Wes Brumit
Sub2 Deal worth doing?
House bought in 2009 with $115,000 left on 30 year note.
Pmts w/o Taxes&Ins = 705.11 @ 5.8%
Property taxes paid separately @ $3360/yr
Rent estimates at $1300/month
Ins pmts about $200/mo...