All Forum Posts by: Kurt K.

She is a reputable investor with over 100 SFH's... but I understand your frustration.

Congratulations, good luck in your partnership!

100% without a doubt, pay off the student loans in the next 1-2 years.

 I second the not having to share a roof and my mortgage is a little under $6,000/yr. 

And essentially my current rental cash flow pays for it anyway (in terms of total cash exchanged). So, I'm in the same situation of tenants paying for my mortgage too, but I have my own private property.

15,274.24 / 38400 = 40%

50% rule does not include the debt service.

I've done a 0% down deal but it is best to have a down payment, for all parties involved. Skin in the game is important.

Certainly serve a pay-or-quit notice. what you don't want to happen is for someone to get a month (or months) behind. And once they are a week behind and served a notice, they are a month behind due to the length of the process.

In the meantime enjoy your late fee, if they do pay. I keep mine at 10% of rent which is a satisfactory return by itself.

My rents are due the 1st, late the 2nd. They have 30 day grace period from the last month.

 If they have to go to xyz.com and login it means you had to tell them to make an account anyway... and you already answered the "why do i have to, should i, it something i do" All an "invitation" is, is an email to sign up same was xyz.com.

 Open an account with Vanguard. Put it in S&P 500 index fund. Over the long haul should produce returns of 8-10%, with a fee of 0.05%. This route also is 100% passive income. Landlording has much more headaches, comparably speaking. Putting your money into the stock market I'd advise to never check the balance till retirement, you may be likely to freak out and sell low. It is best to just let it ride, even when 2008/9 happens again in the future. The dividends should automatically reinvest. 

At 8% per year your $600,000 should be roughly $10,000,000 by age 65...with literally no work and no additional money put into the account.

Prepaid rent is a liability account item as it is not "yours" all in advance, you use it up as you go. If for some reason she breaks the lease and moves out and you get it re-rented in a timely manner, she would be due back the balance of her money.