Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Mindy Jensen
How Do You Ask Buyers to Watch Their Kids During Showings?
My neighbor is selling a house with a pool in an area where pools are not the norm. Her backyard is a child's paradise, but two separate showings have had the kids ON the pool deck with zero adults anywhere near. The ...
Brandon Foken
Rental Home Valuation Questions - Section 8 Housing Oakland, CA
I spoke with a motivated seller today looking to off-load their house in Oakland, CA on the 7500 block of Weld St - 2 beds, 1 bath. Currently there is a Section 8 tenant living there and has been for the last 12 or 13...
Docelyn L.
Quick advice needed: Tenant leaving
Hi Everyone,This is my first post but I've been lurking for months. I acquired a property 1.5 month ago. I introduced myself to all 4 tenants and told them I will contact them to get new leases signed. I got 3 of 4 ne...
Matthew Robertson
How much to pay tenants to move out
Hello BP,I am going into a deal where I would be converting a duplex into a single family, renovating, then selling. One of my problems is I have tenants in one side of the duplex that just signed a 1 year lease with...
Randy Chappell
should I rent or should I sell?
Greetings,My wife and I purchased a house in a small community (mainly in a tourist industry because of the Lake of the Ozarks but our house is not on the lake) almost 12 years ago. We purchased the house from an ind...
Michael Gilman
Renegotiating Purchase Price after Inspection Found Issues with Boiler and Electric Panels
I am in contract on a multifamily property that was marketed and priced as a property without deferred maintenance. The inspection discovered some significant deferred maintenance items and some safety issues. While ...
Taylor Green
How much should I change my accepted offer for recently unoccupied units?
Hi,
I have had my first offer accepted on a 6 unit (2 tax parcel) "fully leased" property. After my original offer was accepted, the seller informed me that two tenants are moving out in 4 weeks. I wasn't abl...
John Tobin
Pitfalls for a Month Long Stay
I'm just getting started with my first STR that's listed on airbnb and vrbo in a ski mountain location. Someone has approached me about renting my place for an entire month off platform, which is fairly common in my a...
Colin Reid
Can It Really Be This Easy?
I'm new to this, but I'm seeing the pot of gold in real estate.
I only have one rental, my former residence (I'm active military) which currently isn't cash flowing (losing $15/month). I'm in the process of f...