Nick Sanders
WoW! Your Kidding - Tenant arrested 4 days before Eviction Setout
I have a tenant who was 3 and half Months behind on paying rent. We had to wait a few more weeks for a court date, had to wait another business wk to get a writ, had to wait another 2 wks to get a call from the Sherif...
Jason Martinez
PM found GC to do work, wants cash up front......?
Hi everyone, Here I am posting another question regarding my first investment. I closed on a house that needs a bit of work done. The PM that I hired has many vendors considering they manage over 750 properties. They ...
Kimberly H.
response script when tenant asks for security deposit back early
I have good tenants that gave me several months notice that they were moving out. Now there is about 2.5 months left, they just read the lease and see that we don't give the security deposit back until up to 45 days a...
Corey Dutton
Top 3 Scams in Hard Money Loans
From a fall article in the Scotsman Guide, the popular topic of loans scams in hard money is a conflictive one, particular for those who have been the victim of one. Loan scams are a huge problem in hard money loans f...
Corby Goade
Late Fee "grace period." Why?
Most leases I've seen have a "grace period," rent is due on the first, but a late fee is not assessed until the 3rd or the 5th. We've had this in our leases and it has not served us well, and to be honest, we have inc...
Kwame Knights
Using Wholesalers title company
Good morning BP,
I'm looking to acquire good cash flowing rental property in the DMV area and have a few leads from wholesalers. A common theme i'm noticing is that they are requiring that i use their title company. ...
Spencer R.
need your expertise analyzing this 12plex
Hey everyone,
I have a potential deal I need some help with. I can buy an older 12 plex in a nice residential area (mostly sfh's on the street) for 560k. Gross rents are 75K/yr for 2013, with net after expens...
Renee R.
Tenant Training
I’ve seen many posts here on BP that mention training your tenants. Although I seen tips here and there, I haven’t seen any training doc or lists. Since I just closed on my first unit (yay!), with inherited tenants...
Carl Fischer
Last minute tax moves for new bill
Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
Bill Gulley
How Many Laws Were Violated On This One
Lack of basic knowledge required by landlords will get you in trouble.
While there are laws violated, look for tortuous conduct as well, claims that may be raised in a suit for civil damages.
Two 21...