Rental and Cashflow Property - Management, Strategies and More

Even real estate recoveries go in cycles, and the foreclosure “scoop-up” activities of investors are in a cycle as well. The recent activity of large investment firms in buying up single family homes for rental properties has created competition that many smaller investors find too limiting. These smaller investors are either individually or in small groups taking a look at apartment complexes as their new investment targets.

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.

Even real estate recoveries go in cycles, and the foreclosure “scoop-up” activities of investors are in a cycle as well. The recent activity of large investment firms in buying up single family homes for rental properties has created competition that many smaller investors find too limiting. These smaller investors are either individually or in small groups taking a look at apartment complexes as their new investment targets.

good day all,

im hoping to get some good info on this topic as i always get great answers when im in need. with that said here is the situation...i have a client who is living in a mold infested home. the problem is the owner will not fix it and my client is very frustrated. i just found out the owner is not claiming the property as a income property so that is leading me to believe that he is probably not paying the property taxes either which is to my benefit as i have started purchasing tax liens and i rehab properties already.....any thoughts? thanks in advance!

Since the deadline to file taxes is fast approaching, I thought I'd share some things that I have been reading recently; although the book is mainly for landlords, I thought there were some tips that all re investors could use...

In the book "Every Landlord's Tax Deduction Guide" by Stephen Fishman, it's stated that to minimize your chances of getting audited, follow these 6 tips:

1. Be Neat, Thorough, and Exact
Don't round up your numbers( like $500, or $1000), don't erase numbers and make corrected figures difficult to read, and make sure your state tax return is consistent with your federal return; if you do your own taxes, you may want to use a tax preparation program to produce a return that will be accurate and will look professional.

House under contract, now what?
I took some advice from a local investor about getting this property under contract for what the seller owes. But this particular property won't sell because it's too high for cash buyers, and needs some improvements that retail buyers are choosing other homes instead. I could easily find a rent to own buyer, but the seller is completely against it. Does anyone have other ideas how I can not back out of this deal. I really just want to help the seller and not tarnish my name. I would buy it myself and rent it out, but I don't quite have the funds.

Thanks, Gina

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.

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.

Anyone know where I can get one for a commercial property ? We have them in a month to month lease and want to terminate it. Any help would be great!

An article this week at the New York Times reported on the results of a consumer survey about home buying and mortgages. At some point in time every real estate investor is selling off inventory for any of a number of valid investment reasons. In many cases the best return on investment is realized through a sale to a consumer rather than another investor, so helping them to locate the right lender for them can actually increase the selling price.

Of course the lowest interest rate was at the top of the requirements list. However, about a third of the consumers surveyed indicated that they would be willing to pay a higher interest rate to get a mortgage that comes with superior service and less stress. There were 618 people surveyed, so it’s not a large sampling.