Wayne Mack
First Out of state rental
Good morning All, I am currently located in the greater NYC North Jersey market and I am looking to close on my first multifamily rental property within the next 3 months. The market here is expensive and make it diff...
Kyle J.
Finally collected on a small claims judgment against an ex-tenant
A few months back, I wrote about my success with taking a tenant to small claims court and winning a judgment of about $6,000. But we all know it's not whether you win or lose in small claims court, it's whether you ...
Account Closed
One of the fastest ways to get your loan request ignored by a hard money lender is ...
When working with hard money lenders, be sure you are able to quickly summarize your loan request. Don’t go into too much detail or explanation until the lender has decided to move forward in the process with your loa...
Amy A.
Irrational pricing
I have been looking for a strip mall/ shopping center in my area and am not finding any below $3M that are priced based on cap rates or any obvious rational calculation. Also, at their asking prices, they would no...
Ed Soniat
Refrigerator damaged when power cut to condo.
Who is responsible for the cost of replacing the refrigerator damaged when the power was cut off to a rented condo.Our tenant reported that the power to her unit was cut off at an unsecured switch next to the meter wh...
Jonathan Beemer
Can you make the tenants pay?
Hi BP!
So I have seen so many people discuss the fact that as a landlord you have to pay for your units if the something breaks.
You get a call in the middle of the night and you have to get it fixed.
That sounds m...
Jeremy Woods
Mom and Pop 16 unit doesn’t have any records
Hey Everyone,
I will try my best to make this long story short. We are getting close to closing on a 16 unit complex. The problem we have never thought of until now is that because the owners have struggled to provid...
Tristian Cox
Bank Statements for prospective tenants
Is it legal to ask for bank statements for prospective tenants in NJ?
Mel Volland
Don’t Panic, Pivot - Short Term Rental Turned 30+ Day Stays
Hey Team! Mel here ready to share lessons learned and pivot strategies that saved our Short Term Rental business and made it even better!
We purchased a 4-plex in 2019 as our second investment property with ou...
Tyson Hill
Tenant Screening/Sex Offender
Just went into a recently vacated unit and found a "sex offender" letter on the fridge notifying my tenants that a sex offender just moved in to the 4-plex next to mine. Was this the reason my tenants moved? Who knows...