Kelvin Fernandez
CLOSING ON MY FIRST MULTI-FAMILY RENTAL PROPERTY
14 March 2021 | 8 replies
Assuming the tenants are month to month with no written lease, you may want to get them on a written lease (even if it is still month to month) so you have something written and you know exactly who lives there and is responsible for what (heat electric etc) also you can forbid smoking (of any kind) and forbid pets, assign parking (if there is any)Assuming no written lease or MTM agreement, what you do is send them a notice you are terminating the tenancy (if you send it out in March it will end it at the end of April) Then you say if they would like to renew the tenancy they need to fill out an application and sign a new lease (even if month to month) and this is what the new rent will be and raise it on both at least to $900 on the 2 bedroom and maybe $50 on the one bedroom).
Jordan Starks
Newbie Question any help greatly appreciated.
12 March 2021 | 4 replies
I don't have an attorney, I have MANY attorneys: bulll dog litigator, transactional attorney, Title attorneys, Foreclosure attorney, bankruptcy attorney, landlord tenant attorney, collection attorney etc.
Phillip Eddy
Short term rental strategy - traveling nurses
4 June 2021 | 8 replies
Many travel with pets so pet friendly is a huge plus.
Yianni O'Hara
Newbie in Philadelphia
25 March 2021 | 5 replies
Good morning BP, My name is Yianni, and I live in Philadelphia along with my wife and young family (baby and dog).
Michael Maloney
Creative financing for first time home buyer
27 March 2021 | 10 replies
My wife and I have thought about house hacking, but most of the duplexes and triplexes are in lower income areas where I do not even feel safe with my wife going on walks with our dog.
Karli F.
Is it ever a good idea to return pre-paid last month's rent?
14 March 2021 | 19 replies
I did also take a damage deposit and pet deposit.
Colby Hanley
Good news for Maui Long term rental landlords
27 March 2021 | 8 replies
The shortest I have had was one week, tenant seemed good when we screen them but once they moved in they seemed to have some sort of mental issue, maybe bipolar, I'm not sure but they were unhappy when I told them they were not allowed to have dogs per the agreement, they said the dogs were just visiting.
William C.
More Accurate Pre-Purchase Calculations (Focus on Repairs/Maint)
18 March 2021 | 8 replies
The right question is "what are the average days on market for my property, located here, in X condition, this time of year that will/will not allow pets."
Ximing Feng
Tenant Complaining About Us Not Fixing His Issue Fast Enough
17 March 2021 | 11 replies
Then he complained that we are very strict on our rule: "you don't allow me to smoke, you charge me just because I have dogs in the house" (and a lot of colorful languages lol) He said he will do it himself and hang up and phone without letting me say anything...
Iesha Padilla
Is This An Undercover Co-Signer Attempt
18 March 2021 | 46 replies
Minimum credit score (650is a number I see frequently)Minimum income (3X rent, verifiable by check stubs and a call to HR) Maximum number of tenants in the unit (most places state 2 per person, plus one additional person)Pets (yes or no.