Jimmy S.
tenant moved out and did not clear snow
Had a tenant move out and did not clear the 40 foot long sidewalk. It is a sheet of ice and cleared it myself and used a bag of rocksalt. Would you charge them for that and how much? It stated in lease they are respon...
Gail W.
Lender backed out HOURS before closing! NOW WHAT?!
Everything has been sailing along smoothly on a 6 plex deal... we just retired, drained our 401k, and were all ready to go in the next morning to sign, when the lender (Trans United doing a DSCR) calls us and tells us...
Mark K.
How long does it take to get your rent from your property manager
How does your property managers pay you rent? Mine use Buildium. The payment is made via ACH. It takes at least a week for me to get the rent.
We are looking for a better option to get the rent to me that would be...
Account Closed
Clarification on the Refinancing Part of the BRRRR Strategy
I've been listening to several of the BiggerPockets podcasts on the BRRRR strategy. They define the refinancing part as a way to get back the money you paid for a property. This explanation is a little confusing.Refin...
Bienes Raices
Storage of sensitive data (tenants)
Like most people on here, I suppose, I now have old tenant applications with SS#s, birthdates, etc. Currently I am keeping them in a locked file cabinet (although my agreement with the credit service just says I have ...
Mark Stoker
SFR with College Student Tenants, How to handle post-lease inspection?
I am pretty pumped about buying my first rental property in Tempe Arizona! There are college student tenants currently occupying and whose lease is up in about 3 months. It occurs to me that I don't really know the co...
Randon B.
Balloon on Seller Finance Note
I am about to put a house up for sell and I would like to sell finance the note. I was told that if I was selling to an owner occupy then I could not add a balloon as part of the note. Though if I was selling to an in...
Selina Giarla
Cash on Cash Calculation v. ROI is **CONFUSING!!**
I have spent hours looking online (including on here) at the CoC calculation as well as the ROI calc. Here is my understanding1. Cash on Cash Return= Annual (before tax) Cash Flow / Total InvestmentQuestion: Does the...
Vijay G.
Loaning Money for Auction property
Hello, I just won the bid on auction property. My bid price was 120-130k less than the market price. I am planning to acquire the property and clean it up and put it on the market. it may take 3-6 months. I need to c...
Francesca Zanzucchi
Recommendations for Rent Collection Platform/System
Does anyone have a good system or platform they are using to collect rent from tenants? We are currently using RentRedi but there is a long lead time from when the tenant pays to when the money is deposited into our a...