All Forum Posts by: Account Closed

Probably not important who's name is on the deed as long as you have a properly recorded mortgage. Pay him a small salary or discount the rent as his property management fee. Best of luck with your investment.

Talk to your current broker and banker team. Might be time to use your equity toward a small apartment building. Best of luck with your investment.

Look closely at the competition and understand why the owner wants out, it's easy to overpay for a small business. Maybe better to find a partner more aligned with your true goals and skills. Best of luck with your investment.

Not sure a rental needs an upgraded master bedroom at the end of the driveway. Don't know your rehab budget but is there room to expand the garage and put in a half bath? Does the local market need a 4 bedroom and will you receive enough rent to cover the increased taxes? Presume the appraisal will go up more with another bedroom compared to an office or garage. Best of luck with your investment.

Really nice job of jumping on remediation. How can you get more ventilation going over, under, and through the house? Doesn't seem like Mom is opening the windows as often as she claims. Best of luck with your investment.

How low a credit score are you considering and what is the life circumstance? Serious felonies are out but it still might be possible with additional security deposit. Best of luck with your investment.

Browse over to the Techology and Internet Forum here on BP. You'll see posts for all kinds of software depending on your goal and budget. Best of luck with your investments.

Perform a fire/safety inspection every three months and you'll soon know how many pets live there. The penalty is eviction, what else is the tenant not telling you? Best of luck with your investment.

I had a door like that, had to lift the door and turn the knob counterclockwise only at the same and it worked fine. But it was MY door. I could do with it what I wanted. If the knob came off in my hand I had only myself to blame. But... I never tolerated such a door in any motel or hotel I ever stayed at and if my friends had such a door I would offer to help them repair it. What you own and what you rent are different. Don't know if you need a new door but fix the lock so there's no learning curve involved.

Tenants that have something to hide don't want to see you, but I want tenants who welcome my visit and appreciate that I care about where they live. I'm not judging how they live and I'm not checking up on them. Two or three days notice for a 20 minute with someone who wants to hear my problems and fix broken/loose stuff where I live? What's not to like? Give them a little coffee shop gift card and thank them for being a good tenant.

Final thought and not to sound paranoid but remember that house fires happen every day. Those loose wires on the range create a spark and someone is trapped inside or the first responders are delayed going through a futzy door and now your property is on the 6 o'clock news. Interviews with friends and family reveal you knew about the problems, believed these were exaggerated issues and did nothing. The heirs and their lawyer and your own insurance company will make your life hell.

Again, wishing you the best with this investment.

Are you still friends with one of the former neighbors? What's awkward about offering to buy a house that neither of them seems interested in? Hire a buyer's agent and start digging. Best of luck with your investment.