Alex Wade
Property management recommendation in Cincinnati
5 July 2022 | 2 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Kolton Miller
1st property. Starting an LLC for property management?
29 June 2022 | 7 replies
A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC and being able to sue you directly.
Olubunmi Odole
Property mananagement and Agent
14 July 2022 | 6 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Evan Smith
Seeking insights for refinancing a flip
30 June 2022 | 1 reply
It is a flip but we bought multiple projects at the same time and had various issues occur which delayed the actual flip.
Spencer Mollman
Very first Lease option?
5 July 2022 | 2 replies
It occurred to me that I could get in touch with her and offer her the rent to own for the $130 without having to do any work.
Dennis F.
Pseudo-inheriting a residential property with minimal experience.
4 July 2022 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Derick Hanna
Ready to close on 4plex, tenant wont leave.
6 July 2022 | 11 replies
Make sure the tenant also understands if they don't leave they will be evicted and how much this will harm them from being able to rent another place for years to come.
Esteban Carrera
Paying Tenant Doesn't Live In Property
13 July 2022 | 11 replies
If your lease has these terms, then turning off power would be a lease violation, and would potentially justify retaining the security deposit.Yes, pipes could freeze in the winter, but there are also other problems that could occur with no power.Most areas of NC are highly humid, and not having AC and consistent air circulation in the summer could cause issues with humidity buildup inside the house, which could produce mold, rust, peeling paint, and/or wood rot.
Jon Fletcher
Broker License But No MLS Agent Code
17 July 2022 | 15 replies
What is the harm getting MLS access ?