Jason Thomas
Looking for recommendation on Property Management companies
30 September 2022 | 4 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Angie Poonka
Insurance advice for owner with roommates
28 August 2022 | 3 replies
You have contents insurance for your own personal property, and might consider liability insurance for any harm that might befall your tenant.
Joe Tanner
Real estate agent allowed tenants to move in prior to start of lease w/out telling us
25 February 2023 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Paolo Patacsil
Buffalo New York Travel Nurses rentals
15 March 2023 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Michael Geraci
New Member from New York City
6 February 2018 | 36 replies
The vast majority of active BP members are new investors looking to learn, followed by a good portion of us old pro's who never kicked the BP habit, and then a lovely little sprinkling of both investors who have a genuine axe to grind and are trying to help the community avoid their same mistakes, and people who just love to be confrontational - BP is still the internet, after all.
Account Closed
FL MORTGAGE BROKER vs. Banks
6 May 2018 | 1 reply
Amazing how the Dodd Frank Act was designed to harm and cripple the Mortgage Broker, but instead has supercharged Mortgage Brokers, giving them an advantage over banks.Oh sure, the 820 score, 25yrs on the job, W-2 employee borrower putting 30% down on a 400k primary residence, who wants a 15yr fixed rate loan is a battle, but those are far an few between these days.But if a borrower wants creative financing with minimum down and out of pocket and/or is Self Employed or has had credit issues or has other issues that don't fit these Fannie Mae guidelines:SECTION B3-3 page 354 Income SECTION B3-3.2 page 406 Self-Employment IncomeSECTION B3-4 page 450 Assets Assessmenthttps://www.fanniemae.com/content/guide/sel013117.pdf Then it's hellooo Mortgage Broker!
Mary Jay
What is the fastest way to become financially free?
10 May 2018 | 22 replies
They are harmed by not working IMO.
Sergio Castillo
Analyzying a multi family home with an FHA loan
19 February 2018 | 5 replies
The appraiser is required to do a more detailed inspection to ensure that the property is safe, sanitary, and habitable.
Winn Merwin
Help with good tenant who complains about rent increase.
19 April 2018 | 18 replies
This is what a lot of people want: rent controlVote and go to local landlord groups and fight rent controlhttps://www.bloomberg.com/view/articles/2018-01-18/yup-rent-control-does-more-harm-than-goodhttps://web.stanford.edu/~diamondr/DMQ.pdfstandford studyhttps://mises.org/library/unintended-consequences-rent-controlBombing and rent controlhttps://mises.org/wire/rent-control-makes-good-politics-and-bad-economicsGood politics bad economicsNYTimeshttp://www.nytimes.com/1989/05/30/opinion/how-rent-control-hurts-the-poor.html
Shiloh Lundahl
Should investors share their goals or not?
19 December 2017 | 14 replies
Steven R Covey, the author of The Seven Habits of Highly Effective People, writes about beginning with the end in mind.