Austin Shute
Reducing Unit Count to Loan Qualify?
18 February 2020 | 4 replies
@Austin Shute if you intend it to be storage for the whole building, you'll need to figure out how to connect it to the common areas / hallway so all tenants can access it.But usually what folks do in this situation is combine the top floor with the closest unit and make it a bigger unit (a "townhouse" unit), rather than using a top floor for storage for the whole building.You might have to remove a door or two to connect the two units so the building inspector doesn't think you're going to keep renting the top floor as an illegal 5th unit, but as long as that's done I think you might be able to keep the bathroom up there.
Jake Collins
Renting out garage and house to separate tenants
21 February 2020 | 2 replies
I live in Houston where this setup seems relatively common but am not sure if that comes with tenant issues around a shared yard, etc.Thanks!!
Scott Pearson
Question about door locks, who is responsible?
5 March 2020 | 9 replies
Very common for the lockout policy to be outlined in the lease.
Neil Aggarwal
Mark S.
Hamilton, OH 45013 - Own Rentals Here?
27 February 2020 | 1 reply
It is a small urban town so crime in urban areas is common but I'm not afraid to walk around.
Sung Park
Newbie with 1031 questions
2 March 2020 | 17 replies
If all three of you owned the property as tenants in common and each of you reported the activity of your % of the property on your own tax return then each of you were the tax payer for the property (your % only of course).
Mike Chira
Get rolling with HELOCs
27 February 2020 | 8 replies
Not impossible, but far from common.
Samuel Kowalsky
Depreciating furniture that came with rental property
28 February 2020 | 2 replies
The property is in a foreign country (EU member) that does not seem to offer the kind of cost segregation studies that are common in the US.
Heidi Rau
Trying to build exclusive list for large scale investors
28 February 2020 | 10 replies
They are not wanting these on Loopnet, but I think I am going to just try to get them to allow me to post there at least as that seems to be the common thread.
Del Carreira
Rookie landlord needs advice
28 February 2020 | 9 replies
This might “expose their potential violation of their lease with the landlord, if they forbid extended stays by overnight guests who are not listed on the lease.The most common scenario highlighting this pitfall happens when a family member or friend allows another family member or friend to move in with him or her, sometimes accepting rent or help with paying utility bills, sometimes not, and the family member or friend who has moved in either stops contributing financially or refuses to move out in the time period agreed upon.