
7 March 2024 | 18 replies
Since Minnesota allows security deposits in the same account as rental income (as far as I’m aware), I’ll most likely just have one account per property.

7 March 2024 | 19 replies
The architect got one fee, allowing one contractor to build one house, but in fact two builders build two houses.

7 March 2024 | 2 replies
My position would be to only allow the new resident if they meet your requirement but NEVER let the one moving out off of the lease until all of them are gone.

6 March 2024 | 17 replies
Issues with the property at closing: low water pressure, aging roof, several lights not working, dated interior, water stain under HVAC unit, damaged decking (burn hole & rotting boards), old appliances, holes in drywallAnticipated cost to renovate: $22500 (includes roof, repiping from old galvanized pipes, renovation of currently empty unit) The currently occupied unit is TBD on cost, the tenant has been in place for the past 3 years.

5 March 2024 | 6 replies
I stay away and do not allow the 5 piece vinyl sets because the seems fail.

7 March 2024 | 3 replies
You can probably get a bank account set up that will allows your tenants to make rent deposits.

8 March 2024 | 77 replies
All of these tools allow you to pull lists.

7 March 2024 | 5 replies
Check with your lender what your new payment would be on the existing and what that would allow you to afford on your next purchase.You can still do an owner-occupied loan up to 4 units but if you're using your FHA/VA loan you'll have to go conventional 5-10% down.

7 March 2024 | 7 replies
@Moss Siridajnawanan send the tenant a Notice to Terminate Tenancy, or whatever your state version of this NOW.Typically, you can put the end date of the lease in the document.This is a legal document that tells the tenant you do not want to renewal their lease and also allows you to start eviction process the day after the lease ends if tenant does not move out.
7 March 2024 | 14 replies
Based on income, a tenant may only get partial financial assistance with the rent, some may get their rent paid 100%, some get an allowance toward their utility bills.