How do you all deal with late rent? I've got 2 tenants (different buildings) having issues. Tenant #One is in the hospital with pregnancy complications. She's behind half a month, with the first upcoming. I get a...
Greetings!I am in the midst of purchasing my second rental. (Yay!) What is the best way to account for expenses that cross between properties. Accounting software, property management fees that are not property spe...
This is my first time dealing with a commercial loan for a property that I was going to buy. Due to the appraisal and other factors, I had to terminate the deal.However, after a week, the bank that I was using is send...
Hello all,I have new tenant just moved In to single family house after full rehab. She sign on contract for 1 year, after 2 month she sent a message to say she got to move out becouse of her Job, her boss need her in...
Hello,This is my first time buying at auction, any tips and advice? How do you estimate costs when you cannot go inside the property? Thanks.
Long story short, I ended up renting out a property I own outright in March '22. I currently accept rent payments via Zelle into a personal account at Wells Fargo, but I want to set up a business account with my LLC t...
I flipped this house in about 2.5 months. Bought for $77k, received $2k commission for being an agent and receiving the buy side commish. So $75k, + $33k rehab/agent fees. TOTAL COST $108kSALES PRICE: $157,500 no sell...
I posted this in the general forum and realize now that this may have been a better place to ask the question so trying again.Hi All. I'm really close to getting my license to aid with investing (getting MLS access to...
Dear BP experts,I purchased 8 rental properties in the last 7 months, using cash reserves and now I'm exploring doing a mix of a cash-out Refi and an LOC using the 8 properties as collateral. I've called a few communi...
We are looking at adding some new products to our traditional property management model. Our current model is a flat 10% month fee plus first months rent. We're looking at the possibility of adding a 0% option.. An ow...