I'm also waiting for copies of the docs from him so that I can review to see if they mention a specific procedure.

Its a different niche in the rental world that can certainly be lucrative, but requires an adjustment to the standard procedure and a change for most in thinking.

Any one have experience wholesaling duplex’s or triplexs is there any procedures you do different than you would a multi / single family home?

Hi,I have a property rental in one LLC and taxes are under those LLC. I need to tranfer that property to another LLC name and going forward it will file taxes under that name.How does the transfer work? What happens t...

I really want to figure out the procedure and logistics of the loan repayment and what to expect and things of that nature.

Overall, we can estimate a financial loss of over $30,000.00.Since the incident, our procedures changed tremendously.

Have good forms/documents up front, good software, extremely good processes and procedures in place and like the others said a good team that you can quickly delegate to.

This is a very problematic situation we are seeing that tenants are taking advantage of.You as an owner should get updates from the case worker at CHAP, you should get updates regarding that as well, if tenant isn’t approved, you should talk with a 3rd party eviction company that can deal with the tenant and get him kicked out ASAP with the usual procedure of eviction.When you don’t get any money you should move forward with the process after checking the status.Keep in mind that if you do get money from CHAP, you can’t evict the tenant for 60 days.

I am sure it will be spelled out what the procedure would be if positive.

I agree with each one of you and will try to work in some of your procedures in the next series of calls and texts.