Our management company crossed the 1,200 property mark in Memphis and we are adding between 45 and 60 each month.

The landlord can put that in the lease but it doesn't mean it will hold up in court.A judge will likely throw that part of the provision out and make the landlord go through the normal eviction process.We have a clause where the rent is late on the 5th and then an eviction fee of 150 is added on plus 10 dollars a day for each day they are late.The judge gives us the 150 and back rent as a judgement but sees the 10 dollars a day as excessive in most cases and will not give to us.We have it in there to make the tenant feel the heat and want to pay the rent instead of letting 10 dollars a day accrue.I am sure it is the same way with this other landlord.Most of their tenants are probably not fully educated on eviction law.So they assume they must leave by the 15th because they signed the paper.

Many banks are riddled with scattered residential lots and adding one more instead of trying to work with you to sell it, I would think, would be frowned upon inside the bank.

I anticipate some short term unhappiness, but that is equivalent to adding about 1.5 1BR units to a 6plex.

Montgomery county Maryland has added "source of income" as a protected class.

Yes, you'll get a bunch of cash at one time and won't be able to deploy it overnight, but the interest expense will again be paid off very quickly from the profits on the new properties you acquire.For cash out refi's, where there is no appraisal target, make sure that you meet the appraiser and politely provide them some favorable comps, highlight the improvements you've made to the property and the amenities in the area, and give them an idea of the target value you're looking for.Issues with LOCs are that they're floating rate, and the undrawn portion can be unilaterally reduced or eliminated by the lender at any time.

The rule in this case would have been little misleading adding an additional $1,700 in expenses that don't exist.

., I have added 12 rentals since 2008 plus several flips.

Plus, you can go in and edit your ad, change the look of the design, etc.

I could probably ask to be added to the purchase contract but not sure if that's the best way?