Kevin Zmick
Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
Quote from @Kevin Zmick: When a property doesn't rent, there are two primary reasons: the price is too high or your marketing isn't reaching the right audience.If your REALTOR listed it in the MLS, then it's probably syndicated to the best websites and you're casting a wide net.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
Prior to investing, I asked my coordinator if the loan was secured and she said yes, it was secured by their property portfolio.
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
13 January 2025 | 17 replies
My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.
Andy S.
Security Deposit Account in NJ - Do I include account number in lease
9 December 2024 | 2 replies
I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz.
David R Pustelnik
Looking to maximize my potential with rental properties
16 January 2025 | 7 replies
They didn’t completely destroy the house, I did keep most of their security deposit and used it for the repairs, along with some of our own cash.
Zachary Kessler
Section 8 Rentals
24 December 2024 | 5 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
20 January 2025 | 34 replies
Exterior security cameras.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
If you can save up 20% down in a low-cost market like Cleveland, you could use a DSCR loan to secure financing while you still don't have any stable income.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
So I picked up a few books which includes, "The Book on Investing In Real Estate With No (and Low) Money Down," and "The Book on Rental Property Investing," both by Brandon Turner, which introduced me to the BiggerPockets community.With a decade of experience in property management under my belt, along with my property management certifications and an NC real estate broker’s license (with Broker-In-Charge designation), I’m eager to leverage my background to secure long-term financial stability for my family.