All Forum Posts by: Samir Shahani

@Andrew Erickson

No Brainer! 

Venmo, Cozy, Zelle, Paypal, Cash App, Check, Cash itself, or any app or any software or method to collect rent!

 May I suggest trying to map out the time frames for achieving all of your short term and longer term goals. Having a roadmap and schedule to achieve your goals will also allow you to find ways to expedite it 

@Cliff Graham

Stay clear of them in my opinion !

@Ashton’s Krom

Congratulations! Welcome to BP!

I know what all that feels like.

How quickly can you rebound and buy your first house?

@Patrick Lai

Take them to court - specially if they claim that they are paying your taxes and they are not.

Do you have a contract? What does it say regarding your issues?

I assume they can evict a squatter on your behalf?

 I think that it’s entirely based on the property (age, location, current state,  etc, etc) 

If his HELOC is $645/mo , would he accept $400/mo?

I am always puzzled why people allot 10% of rent for maintenance... 

I've talked to so many people and read so many posts of situations where the allotment is 10% regardless , eg.

Imagine a situation where the rent is $850/mo and the person allots $85 for maintanence.  In the same world (maybe a different city or maybe a slightly nicer part of town), another person is putting up a similar place in terms of age, size, condition, etc for $1600/mo and uses $160 as the allotment.

This is quite a different amount of money for two properties that may require similar maintenance costs.

I do it quite differently on my properties and am always looking to understand everyones point of view ... 

Can those who use this 'rule of thumb' stir up some conversation and defend your rationale?! 

I wouldn't buy it personally.

Also, 10% for maintenance never made sense to me.

That's correlating rent and maintenance ; two things that really don't belong together.

Take a cash advance on a 0% interest credit card ;)