Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
I’m still learning the ropes of property management, so I really appreciate the opportunity to exchange ideas.At our property, we have a structured screening policy influenced by the Federal Fair Housing Act since our location falls under its scope.
Brandon Weis
How to Ensure Tenants Get Renter's Insurance
30 December 2024 | 6 replies
This ensures the landlord is notified any time the policy is changed, canceled, or renewed, making it easier to track without relying on the tenant.The difficult part is enforcement.
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
Verify its condition and ensure the seller discloses any known issues.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
They may favor buyers who demonstrate a willingness to use the property in a way that aligns with their values.Pricing: Non-profits might prioritize achieving fair market value, as they have fiduciary duties to maximize value for their mission.
Edward James smith
Still fairly new to investing
17 January 2025 | 8 replies
Hello, I currently own a single family house with an ADU, and a duplex. I have house hacked both properties while updating them. I’ve done my research with (reading books, podcasts, etc) but still feel like I’m not do...
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.'
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
11 January 2025 | 9 replies
Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.
Julie Muse
Team Effort Pays Off: Stunning 14th St Flip Success in Fond du Lac!
3 January 2025 | 1 reply
After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
16 January 2025 | 5 replies
If you ever have any questions regarding this or in general feel free to reach out I enjoy helping and ensuring other BP members avoid lost time and money.