Rental and Cashflow Property - Management, Strategies and More

Do you own rental properties? If so, you are learning the importance of having your rents collected as quickly as possible.

The typical rental contract allows for a grace period of 3 to 7 days after the first. For example, if the rent is $700 and due on the first, the contract may allow for a 5 day grace period before the rents are due. Typically a late fee is attached to anything that is paid after this grace period.

Why not try this? Set the rent at $800 and give a $100 discount for paying on or before the first. Have late fees beging accumulating on the second.

You are still going to get your $700. You will be getting it on the first and not the fifth to the seventh. Your cash flow position will be strengthened.

Good luck and happy investing.

I have an investor that has offered to split cash flow of properties we find together. I am just curious if there are DG'ers out there that have such partners and how you structure deals together.

Any advise, recommendations, etc greatly appreciated. My wife and I have neither cash or credit to get deals done and have been hoping for such an investor to partner with.

I would like to set up a proper relationship so that our future deals run smoothly.

He likes to manage his own properties, doesn't want to invest out of the state.. ( I have a great deal in Iowa, prob 2) but we are in California.

Can DG provide any special financing to help us investors help folks who have lost their homes in the recent Colorado fires? The Black Forest fire has surpassed last year's Waldo Canyon fire as the worst in Colorado history. Both areas are near Colorado Springs. I want to help provide rental homes for a few of those more than 400 families who now need a place to live until their homes can be rebuilt. Can you help us with this big project?
Thank you.

evaluating rental property for cash flow.

Hey Guys

This is for investors in St louis area. I buy a few properties a year in the area though i Live in Hawaii. This last property i got a tenant that refuses to pay rent and likes to ignore me and the past owner on paying anything.

I've called a few rental companies and i am getting no where, its like they don't care for business no more.

I am wondering if any one can advise me a good rental company in the area the yellow page pop up companies seem to be to busy to work with me and I need to get this house rented and what not as I am paying 2,300 a month as a lease option for the year on this house and thats WAY high for the MO area and its turning into a problem rather than an investment at this point.

Any suggestions would be amazing. Thank you

You pay $20,000 for a car and would not dream of giving someone near total control of when you can use or sell your auto. You would not let any one control your things and dictate when you could use or sell them. Why do it with a house that you are using for a rental property?

I have a tenant whose rental lease will expire Aug 2013 and I need advice. Would you increase the rent for the next year or keep the current rent. If increased, what is a fair percentage 10% etc. This tenant has been on time after a few bumps in the beginning. Currently rent is going 750.00 in the area but properties in central fl have increased 10-14% and I'm assuming taxes will go up next year as well. I am new to renting and I do have a property management company handling the property. Advice greatly appreciated from more experienced landlords

I have purchased properties that I was going to rent out to tenants and use as a passive income source or as a “cash flow” property and there are definitely different things that you will want to consider as you are getting a property ready for an investor compared to getting a property for you to move into. Renters are inherently not going to treat the property that they are renting from you like they would treat a property if it was their own. With this in mind you want to go for “functionality” and not “fancy and pricey”. I would also recommend sticking with colors that are neutral for both carpeting, and painting. Light fixtures are also an area where you can spend way too much money if you are not careful.

Do you own rental properties? If so, you are learning the importance of having your rents collected as quickly as possible.

The typical rental contract allows for a grace period of 3 to 7 days after the first. For example, if the rent is $700 and due on the first, the contract may allow for a 5 day grace period before the rents are due. Typically a late fee is attached to anything that is paid after this grace period.

Why not try this? Set the rent at $800 and give a $100 discount for paying on or before the first. Have late fees beging accumulating on the second.

You are still going to get your $700. You will be getting it on the first and not the fifth to the seventh. Your cash flow position will be strengthened.

Good luck and happy investing.

There has been a major surge recently in the interest of investors in REITs, Real Estate Investment Trusts. The passive nature of these investments and tax advantages offered are primary motivators in this increased interest. Smaller investors are beginning to recognize the similarity of tax benefits available to them through a self-directed IRA.

A self-directed IRA allows tax-deferred real estate investment, and if it’s a self-directed Roth IRA, there are other possible benefits. This is because contributions to a Roth IRA are made with after-tax dollars, so this type of account enjoys tax deferral and in some cases even tax exempt status. The amount of the contribution is considered the basis.