Jim Tiernan
Anybody else having issues with Mack Companies in Chicago?
I have a turn-key rental with Mack Companies in suburban Chicago that has been vacant for FOUR MONTHS!A small sample of my issues with the management:Finding out a tenant has moved out weeks after the fact. When the m...
Katie Jewell
Structuring Repayment of Damages
We have a tenant that is accepting the letter we sent outlining the extensive damages she did. We did it legally and sent an itemized invoice with receipts and she is willing to pay us back over a period of years. We ...
George Calbert
be your bank
I am looking to see what people know or think about beyourbank.com They have an elearning about whole life insurance and how that fits into a financial plan. I was wondering if anyone has went down this road and what ...
Danny Day
Property Managers - Making Money? Please Chime In
Just wondering who all on here owns their own property management company. It seems like a fairly decent job to do on the side.
I've been showing houses around the Houston area, and have spoke with a broker who mana...
Sean L.
First Property - Unresponsive PM
Hey All - Seeking some advice on a situation I've found myself in after purchasing my first investment property.For background, I'm based in NYC and after 1-2 years of sitting on the sidelines I decided that 2020 was ...
Joseph D.
Coverage Amount - Value of Property or Amount of Mortgage
How much total coverage should I be buying on my rentals? These are SFRs - the insurance company seems to offer, as a default suggestion, the amount of the mortgage, not the total purchase price of the property. I'm...
Mark Ostertag
How to not reveal you're the owner during tour?
Hello All, I've read that if you do your own property management, the number recommendation is to not reveal that you are the owner. (I'm planning to Owner Occupy a duplex as my first real estate investment purchase.)...
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title search question
When purchasing a foreclosure at the auction how do you guys perform the title search? Do you hire a title company or do it yourself? I'm not educated enough to perform the search myself.
I feel that if I hire a ...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...
Herm M.
Making offers on short sales "subject to finding an end-buyer."
So I've read that we need to put a contingency in our offer to the short-sale lender. This contingency will say something along the lines of "this contract is valid if, and only if, the investor (buyer) is able to fin...