
3 December 2024 | 21 replies
Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

30 November 2024 | 12 replies
Quote from @Kar Sun: It appears the law requires you to allow them to attend, inspect together, and mutually agree to a list of damages: https://codes.findlaw.com/tn/title-66-property/tn-code-sect-...Print that off and follow it.Make it clear to her that she is not permitted to bring guests.

7 December 2024 | 7 replies
@Austin Tess make sure you know what sort of notice period is required for your area/state first for MTM units.

7 December 2024 | 9 replies
Solid 2-4 unit properties are so scarce in these areas (~21 sales in last 12 mo between the 2), the market simply doesn't allow a buyer with a low downpayment to enjoy any "income" out of the gate.

5 December 2024 | 34 replies
It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

4 December 2024 | 5 replies
If you are considering using a more commercial method, such as a DSCR loan, those products are simply reserved for commercial use and not personal.

6 December 2024 | 4 replies
They proved to be a low risk, low cash requirement to get some traction.

3 December 2024 | 26 replies
Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.

5 December 2024 | 10 replies
Of course this will require more thought but I appreciate your response.

4 December 2024 | 7 replies
If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.