
12 October 2018 | 6 replies
Was it in the lease that it was a non-smoking unit?

29 November 2018 | 9 replies
The 2/1 side needs about 8-10k for it to become a 3/2.Right now, Our plan is to wait six months to due the renovation and have the tenants sign a six month lease for the current rent.

10 October 2018 | 3 replies
Anything you know or anyone you think we should talk to would be helpful, especially leasing brokers and property managers in the industrial space.

10 October 2018 | 3 replies
Same with court fees.By the way, my lease includes a clause for "Application of Rent" that says any payments made are applied to outstanding charges in the following order:Tenant-caused billingsNSF fees, late fees, service feesUtilitiesSecurity depositUnpaid rent (oldest to newest)Let's say the tenant owes $600 in unpaid rent, $100 in utility, and $50 for the eviction notice.

11 October 2018 | 9 replies
I had visited their parents house when signing the lease (younger couple) in an A+ neighborhood and very clean.

9 October 2018 | 0 replies
This is just the latest in an arduous process, to find the deal under market value on the land, rezone it to multifamily district (long and costly process), permit a six suite rental (difficult with many technical fire code and structural engineering challenges), build the units (using all my experience in home building and every possible favour and technique learned over the years to project manage), get financing to finish construction (from a private lender after the bank lenders totally dried up on this type of financing), and pre lease the units while under construction to quality tenants.

10 October 2018 | 6 replies
Also, when you say leave it at $1800/month would that be for a one year lease or are you recommending doing a two year lease at that?

9 October 2018 | 1 reply
I am basically reposting about my challenge getting my tenant buyers "pre qualified" for my Rent to Own program. I am working with a very competent mortgage broker but one who may be requiring too much information t...

20 October 2018 | 14 replies
And then you have an Operations LLC - a shell LLC that is the public facing entity, doing all the interactions with tenants, contractors, leasing, hiring, management, etc. with no assets and very little funds beyond whats required for proper capitalization and operations.That's the basic idea, but things get complicated from there due to the partnership, financing, commingling, etc - which is your current situation.

10 October 2018 | 3 replies
In your excitement don't forget rentroll, leases, financials and an inspection prior to going under contract.