Kyle Kipka
Single tenant passed away..proper procedure?
A few weeks ago I'd received a call from a man informing me that my tenant (his mother) had just passed away unexpectedly. I confirmed this with the local police department as well. The tenant was an older woman who l...
Ryan McNamara
MTR House Policies/Procedures Guide Help
I am posting listings for my MTR duplex on Furnished Finders and other sites and am wondering if anyone has a template they use for their House Rules/Policies/Procedures? I have a decent start on the easier topics but...
Lynn Wong
Post closing procedure request from lender
Hello all! I have a request from my lender Rocket Mortgage asking me to provide to them the Withdrawal term of 401k even though I didn’t use my 401k to down for my rental house. My broker said they just want to have ...
Earl Clark
Best deed procedure to transfer properties
I own two properties in Duval Florida; each cash purchase and therefore without a mortgage. I put both properties in my LLC name - not sure why other than validating LLC. Well it's harder to get loans and most cases...
Joseph Bubanj
Procedure on increasing tenants rent in NYC
Hello :I am brand new here on BP and fairly brand new to real estate. My father passed a few years ago and my my mother is aging and she has asked me to help her with a rental property she owns in New York City, Quee...
Brent Hill
Procedure and Policy Manual - Wholesaling or Wholetailing
I am in the process of putting together a policy and procedures manual to document everything that is being done in my wholesaling business. My purpose is two-fold: 1) to help me keep organized and have a reference m...
Derek Gendig
Property Managers....What Process & Procedure Software...?
We are in the process of switching out our PM software. In doing so, we are losing a Process & Procedure application within our current PM software. I've been looking around for a week or so now and have found o...
Jonathan Johnson
Bed Bugs procedure after Tenant moves out.
Hello BP, I got bedbugs in the upstairs unit of a 4-unit apartment. An inherited tenant just moved out and left some couches, a dresser, and a lot of little nick-nacks everywhere in the one-bedroom apartment. She then...
Edouard Pierre
Cash for keys in Chicago - Best procedure?
Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...
Max James
Who has a PM Standard Operating Procedure?
I'm looking to systematize EVERYTHING involved with managing my properties. I only have 6 units now, but want to treat them like I have 600... This way, once I scale, my business model will be in place and I will no...