Iraklis Koutsouradis
Unsure of the next step
I bought my first rental property almost a year ago. It’s a condominium and I’ve had a tenant living there since day one of my settlement. Now that this goal was met, I’ve been at a loss for how to save up for the nex...
Zack Van Duyne
Rent Collection with Avail
We currently use Avail for rent collection. Normally the tenant will initiate their payment, it will take 3 or so days for the payment to withdraw and another 3 or so to deposit into our account. We’ve had some issues...
Jason Morris
Opening Business Account
Hello ladies and gentlemen. I'm in the process of starting my property management business, but I'm getting a little confused on how to set up my business bank account. I filed my LLC in Pennsylvania. I also set up a ...
Jonathan H.
Setting Up Payment for Property Management
Hello, If I were to purchase a multi-family unit out-of-state (it's included in my LLC), I would want to have a Property manager for it. So, when it comes to bills like Property taxes, City fees, sewer, ect..how do I ...
Jeremy Heidemann
Home Equity Line of Credit & Mortgage
I am thinking of taking out a Home Equity Line of Credit to use as a down payment and then getting a Mortgage to cover the rest. Is this a good way to get started? Any downfalls or is there a better way without having...
Ben Matityahu
Credit score optimization
Hey Guys I am new to the community and I was wondering how can you improve your credit scores fast to optimize score in order to qualify for Best rates ?
Thank you
Yvonne H.
Late fee dates when using electronic payment systems
For those of you with experience using online payment systems that use ACH, such as cozy, appfolio, etc:On our contracts, rent is due on the first, but late fee is only assessed if paid after the 5th. WIth that in min...
Angel Barre
Unfair NSF charges/fee
I have a question. I set up direct debit payments through my property management company for my monthly rent. Rent is due on the 1st and late by the 5th. I’ve never had any issues paying rent on time. However I notice...
Art S.
S-Corp purchasing rental property - needing cash out line credit
Hi all - here is my situation. I am a 100% owner of an S-Corp for the last 2 years. I made some money in advertising. Now that is winding down, I am looking to get into real estate.The funds are currently under the ...
Jeff McNutt
Should I use Cash or bank loan
I am closing on my first rental property. A few issues have come up from the lender. Here is the break down.
Rough estimate
Purchase Price $31,000
Down payment $24,500
Lender 30 year fixed 5%
I started an LLC and h...