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Hi, I just read a very similar discussion where the poster asked about a better method of collecting rents than direct bank deposit by tenants. Some of the comments were to use Cozy or ACH payments? I didn't quite un...
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I'm hopefully acquiring my first property very soon. Although the property will initially be in my name, I will be forming an LLC to manage the property, and opening a separate bank account for it. I will eventually t...
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Hey BP - I'm looking for some advice on potential tenants I am screening. I have a couple applying. They are not married.One of them meets all income and credit requirments having a 729 credit score. So by themself...
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I am looking at purchasing a multi-family residential property that currently has a tenant in it that I have come to find out is not the ideal tenant. It is a REO property and a source has told me they are not paying...
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Hi All,I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in. I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you ...
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Hello, I am a newer investor and interested in acquiring foreclosed properties, as I hear the banks typically like to sell them as fast as possible, not putting emphasis on maximizing sale price. Does anybody know how...
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I bought property the 8th this month. Lease says rent due on 1st. Tenant hadn't paid any Aug rent and previous owner told me he is a chronic late payer. I tried to collect some rent from him and he just gave me a bun...
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Hi everyone,Hope everyone had a happy holidays. My interest in Commercial Real Estate investing led me to Peter Harris's videos on YouTube, which are all very helpful for a beginner like myself. After signing up for t...
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I rented out a 3 bedroom, 2 bath house to a family with two adults and two children. The just sent me a text asking if they can take in foster kids. I never dealt with something like that before. The contract says ...
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Hi folks, A tenant moved into my brand new house and defaulted on two months rent within 3 months of moving in. After multiple promises of catching up on rent, they are now 3 months behind. Because they have 3 childre...