Austin Powell
Tips for First REI/House Hack Deal
Hello,
I am beginning the hunt for my first property. I've had my ear against the door of REI for a few years now and I'm finally ready (within the next 12 months or so) to dive in. The main goal is of course to omit...
Juan A. Padilla
Creating a Real Estate Investing Team
Hi my name is Juan Padilla and I am a new PRO member to Biggerpockets. This site is amazing and I look forward to expanding my knowledge through the material and resources available on BP.I am looking to build an REI...
Fili Aguirre
How does a property manager collect the rent?
How does a property manager collect the rent and pay you? Do they get the money then pay you? Or they set a payment method with the tenants so they pay the owner directly? Who gets to choose what payment method will b...
Malhar B.
Collecting rents from evicted tenants
Hello everyone! I was curious, has anyone used a collections agency or attorney to collect rents from a tenant that was evicted? If so, which do you prefer, attorney or collections agency? How do you go about selec...
Andreas Riha
Renting a property and screening tenants
Hi Guys,
This is my first post so please dont be too critical of my post ;-)
When screening a tenant for a rental property are 100% of tenants referenced and credit checked through a credit checking company?
I am ba...
Nicholas Sewell
Replacing Property Management Company
Hello,I recently purchased a townhouse in a 100 unit association. After moving in I've discovered that the vast majority of owners are unhappy with our current property management company. They are very inattentive, a...
Matt Wan
Does paying off a mortgage early affect future loans?
From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...
Brandy Carter
Should I collect first,last, and security depoait
Having a discussion with my fiancé about should we be collecting first months rent and last months and a security deposit? Or just first months and a deposit? Thank you
Bela B.
Property mgt company
Is it normal for prop mgrs to take a % of the rent charged EVEN if tenant is not paying the full amount due to Covid? Shouldn't it be a % of rent received? Is this a new Covid policy change in response to many tenants...