Matt Sora
Purchasing Home in LLC
10 September 2022 | 5 replies
Even if a rental, the facts are, there/s little benefit of titling into an LLC, due to 99% of folks do not do the annual paperwork to prevent the trail attorney from "piercing the corp veil" and negating the LLC.
Jerome Mosetic
Back out first Offer during contingency period
10 September 2022 | 9 replies
You must have had virtually no profit in it at all if fixing the HVAC prevents you from doing a live-in flip, which is a far bigger investment of yourselves than just a regular flip or even a rehab of a regular rental.
Jordan L.
Repetitive HVAC Theft, Cages, and Insurance Claims
5 October 2022 | 12 replies
I had metal t-posts cemented into the ground around the new unit, but this was not enough to prevent another theft that I've just learned has occurred.
Benjamin Kleschinsky
Renting out home on FHA loan to help pay for mortgage?
14 September 2022 | 7 replies
The way I understand it is that as long as you're residing in the primary residence, there isn't anything preventing you from also collecting rents.
Alex Johnson
How should I get started?
25 September 2022 | 14 replies
If you have no personal or family reasons to prevent it, why not house hack to begin quickly, even if this means just renting out a room of a SFR?
Susan Sullivan
Advice of Creating an LLC
26 September 2022 | 14 replies
If there is something unique about the property that prevents a conventional loan from working, such as two houses on one lot or if a condo association is step up in a way that prevents conventional loans from working.4.
Justin Sumulong
Can leasing agents share credit reports with landlord/owners?
16 September 2022 | 1 reply
In order to even be permitted to run credit reports, my PM company had to go through a physical site visit from a representative of the credit bureau to ensure we have physical (locking filing cabinets, etc), electronic (password protected computer lock screens, etc), and procedural (written policies) safeguards in place to prevent the release of SSNs and other personally identifiable information (PII).So the correct answer to your question is a hearty No, the PM cannot and should not share applicants' credit reports with you.Note: I have since followed up with the law firm that published the article linked above, and they acknowledged that some of this is still the subject of legal debate.
Andrew Rellinger
Finances and Maintenance Responsibilities
29 September 2022 | 3 replies
I have seen some lease agreements that state "tenant is responsible for any repair $100 and lower" - that way, you aren't fielding "clogged toilets" as a part of your maintenance calls.
Theo Stone
Turn-key STR in Nashville, IN
21 October 2022 | 2 replies
There are 5 cleaning ladies that are on rotation to prevent burn-out.
Chip Stroz
Self Storage safeguards
14 April 2021 | 7 replies
Your typical self storage lease will have them acknowledge that they can't do illegal activity or keep illegal items, but obviously you can't 100% prevent that.