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Hello all,I have had a property since August 2017 that’s been undergoing a slow rehab. A month or so ago, I received a letter in the mail from the county informing me that there is a code violation for all sorts of r...
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Hi Investors!
What effective ways do you use to collect rent? Has any of you used PayPal? I collected the earnest money from one my of tenant via PayPal and I found it really convenient. The money transfer from the ...
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Here is the situation, we identified 3 properties for our 1031 with the idea of buying two and having a back up. We ended up buying one house to turn into a vacation rental and the two other options were one- a stand ...
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We just purchased our 2nd STR and our 1st is a total cash cow. We have enough cash to pay off the mortgage on that 1st property and cash flow even more OR continue to invest that money into more of the same asset clas...
Hello BP community,
On 4/1 I closed on a building that has 3 residential units. Rent was overdue on 4/5 according to the lease in place. I had zero rent payments on 4/5. I sent a mailing out introducing myself and ext...
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I currently own and manage 7 single family properties. I've thought about getting a property manager in the future, but I really don't understand why they require a percentage as opposed to a fee for the work done. Th...
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Hello All,Pray this message reaches everyone in peaceful spirits. HELP!!!For the past two years, I have been looking to get into Buy & Hold investing, however different dilemma always seems to creep into the plan....
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I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mention...
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I am trying to run a background check on my first ever tenant. I google searched tenant screening companies and came across TurboTenant. But the prospective tenant is having trouble getting it to work. Claims the proc...
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Hi, I work with a property management company at one of my buildings (a 7 unit) at 9% of rents. One of the units was destroyed by a tenant and need about $7,000 of rehab. The property manager offered to do rehab in ex...