Linda Quint
late fees and incentives to pay on time
Does anyone have a sure-fire way to get tenants to pay rents on time? How many days should I give before charging a late fee? What is a fair amount to charge for late fees if rents are in the $1000.00 range? I would...
Stephen S.
PM Company Tactic - what would you do ?
A SFH I own was being re-prepped to re-rent and was being advertised by the PM company.Who, as is ever increasingly more evident, apparently do whatever they want, often ignoring what I tell them to do, and then if it...
Dennis Meppelink
How to screen a tenant who never had a landlord before?
Hi there, Every body knows you have to screen your new tenant.One of the points is to check the previous landlords of the tenant.What can you do if the tenant sold his house and wants to rent your house? Can you do an...
Albert Young
How co-borrowing impacts future debt to income ratios
I recently purchased a triplex with my in laws. It is a shore property that we plan on renting two of the units seasonally and keeping one unit jointly for our own use over the summer. Both my wife and I as well as ...
Oladimeji Sonibare
How to structure an equity partnership??
Hey, guys!I’m getting close to closing on a deal with an equity partner. This will be my first partnership so have no frame of reference. What’s the best way to split our equity if he’s providing the down payment and ...
Joseph Campbell
Daytona Beach Market PROS and CONS
I am currently looking at the Daytona Beach area for buy-and-hold SFH and small multifamily properties. Interested in hearing PROS and CONS of the market and connect with anyone who knows the market.Can anyone can re...
Orlando Kell
What is proper order of rehab work?
Just purchased my first SFH rental off-market. Needs extensive work but don't know true extent. I do know it needs P/B foundation repair, new tile, and plumbing updates. My question: is there a general order of doing ...
Lee S.
Dollar Cost Averaging
Hello all, i'm on track to buy my first rental here in the next 3 months, I could do it now but I'm really busy in the next 6 weeks and I don't want to rush it. Anyways, does anyone look at long term buy and hold fro...
Leonard Nisay
Out of state investing.
Hello Everyone!I'm a newbie. In process of closing my second home in the Sacramento area. First one was lost due to foreclosure in 2008. I believe right now I'm in a portion to invest and grow but not sure how to p...
William C.
$10k in water damage caused by tenant. Advice on how to handle.
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in ...