Alex Fenske
May 2023 Housing Market
Hi everyone, here is the housing market update I publish for clients each months. As always, there are some interesting surprises! This is data for the Chicagoland metro area sourced from Midwest Real Estate Data LLC....
Stephanie Preasha
Tenant paid most, not all rent
I have a situation where a long-term tenant paid all but $275 in the rent (total rent is $1775). My lease states he will be charged $25 each day not paid but does not specify anything about partial payments. I did l...
Amanda Glendenning
Best Option for funding
We own a STR business in MO. We have 15 STR with two completely free and clear. I would like advice on which loan product would work best in the situation described below:
We want to use the equity in one of our paid...
Luke McCann
St. Augustine REIA
Hey BP,I have recently moved to St. Augustine to attend college and have been searching for a REIA but have been unsuccessful so far. I understand that there is one on meetup.com, but it does not look active. Anyone k...
Ali Boone
Atlanta Property Manager Recommendation?
Out of curiosity... does anyone know of any (good) property managers in Atlanta? Ideally said property manager would be more of an individual who does it on the side versus a property management company. Like a real e...
Jorge Duarte
Buy and Hold Investments
Investment Info:
Single-family residence buy & hold investment in San Luis.
Purchase price: $133,000
Cash invested: $3,000
Pocket listing, purchase price $133,000 got a conventional loan (5% down...
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...
Nicholas Mann
What to look for on rental property visit?
Hello everyone!I am currently viewing multi family rental properties with my realtor to hopefully purchase one in the near future.I was wondering what other investors look for when they first see a property, aside fro...
Daren H.
Small Investors and Umbrella Insurance...Waste of Money?
I currently own 6 single family rental homes in my own name (value ~700K total). I have landlord policies on each. The general/personal liability coverage on each policy is $100K. I also have the general/personal liab...
Darko Durdan
Rent collection automation software, has anyone used it?
Hello, I am fairly new to real estate investment. I have a few rental properties and looking to expand into a few more this year. I try to automate the more tedious tasks of my business and collecting rent is one of t...