Chase Gibson
Can you terminate property management in place at purchase?
28 February 2018 | 10 replies
So far I have been unhappy with what I have seen from this property management company and would like to terminate their management of these 2 properties when I purchase the homes.My dilemma is the leases are between the "ABC Property Management Company" and the tenants.
Lena S.
Where to get from Standard Illinois Lease Agreement?
5 March 2018 | 6 replies
There is no "Standard Lease" in Illinois.
Kevin Wattenbarger
Advice for a Willing Landlord to Allow AirBnB
1 March 2018 | 7 replies
Hello BP:I’ve been approached by a professional who would like to lease one of my apartments and utilize it for AirBnB.
Tarcizio Goncalves
Rental property analysis
28 February 2018 | 10 replies
So even if the average is $1050 that doesn't mean that houses also couldn't go for $1250 or $800 in the same area depending on its individual characteristics.3) It's not entirely clear where Rentometer pulls its data from, but I think they are using list prices instead of actual lease prices.
Roger Beaman
Trash from Property to Sidewalk and back again
29 March 2018 | 9 replies
They've overflown because no one put the trash cans onto the curb.I could somehow try to get tenants to do it, could write it into leases, but I don't particularly want a bunch of $50 trash whodunnits.I have to imagine that many landlords just pay someone to put the trash cans onto the curb.
David Tiemann
Should I ask the tenant to leave?
2 March 2018 | 6 replies
On the original lease it listed the Husband, wife, and 3 kids.
Account Closed
Please help evaluate a condo purchase in Chicago + timing
28 February 2018 | 5 replies
What am I getting in if I purchase a *leased* property?
Jarrod English
Renting Out Homes For Sale
8 March 2018 | 2 replies
I guess you call it a sandwich lease but not an option (not to own).
Daniel Carman
My 10 year journey to purchase my first 24 unit apartment complex
18 December 2018 | 20 replies
From those one looked fairly good, well managed on the upswing as a new owner had come in and started remodeling and kicking bad tenants out. 24 unit complexList 565,000Purchase Price 535,000Gross Rent:138,000Less Vacancy(10%) 13,830Operating Income 124,470Property Tax 8,837Insurance: 6,900Management(6% after vacancy): 7,468Maintenance(6%): 8,298CapEx(6%): 8,298Water: 8,400Waste: 2,700Electric: 8,400(laundry room, hot water heaters, security camera's)Cleaning(unit turnover): 1,800Landscaping: 600Operating Expenses : 60,301Net Operating : 64,169Loan Payments(100% financing): 42,369Cashflow:21,80024 units - 16 2bedroom and 8 - 1 bedroom lofts.
Minna Hu
Cancel rent offset for a tenant who cleaned building we bought
3 March 2018 | 5 replies
And unless there is a lease you can raise the rent to what ever you want