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8 March 2024 | 3 replies
If we have joint tenancy does this mean his wife does not inherit his share?
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9 March 2024 | 77 replies
In my state, property management is completely unregulated- generally, that's a good thing for business, but man, you should see some of the leases we inherit.
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11 March 2024 | 152 replies
My heirs are going to get a nice inheritance anyway and no one shows any interest in managing a real estate rental business.
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8 March 2024 | 13 replies
Hi BP community, my grandfather passed away and left my Dad (along with his 4 brothers) 32 acres of land in Orange County, NY. Most of my uncles want to sell the property and be done with it, but my Dad and I were thi...
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8 March 2024 | 4 replies
However, in my experience inherited Tenants hardly ever workout and even less so when rent is going up by that much.
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7 March 2024 | 7 replies
. #1 - Charleston, SC area - Worth: ~800k / Balance on mortgage: $230k / Excellent rental history 5y+ @ $3,300/month / Divorce buyout #2 - Syracuse NY area - Worth: ~600k / Balance on mortgage: $185k / No rental history (just inherited with brother) but in a desirable area so local realtors say it will rent easily in the $2,000-$2,500 range / Brother is partner#3 - Kansas City, MO - Worth: ~200k / Balance on mortgage: $100k / Excellent rental history 4y+ @ $1,200/month / Divorce buyout First choice is to pay off partners in a clean lump sum now (one wants to buy ASAP in another market, the other wants to build ASAP), but I'm open to brainstorming for options.I live in Portland OR and rent my primary address.
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5 March 2024 | 3 replies
Seeking advice and financing options for an inheritance buyout of a mortgage-free property, where I am one of a handful of beneficiaries.
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7 March 2024 | 5 replies
We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.
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7 March 2024 | 8 replies
My wife and I just inherited 3 rentals in Southern California, Lucerne Valley to be exact.
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5 March 2024 | 4 replies
I inherited a tenant in one of my properties and they reached out to me the other day and told me about damage in the bathroom.