So I have had my first real disaster with a tenant. They left the house a mess and completely destroyed the carpet. All the carpet needs to be replaced. I am going to replace with laminate wood tile. So my question is...

Let's say I'm carrying note with a Security Deed as collateral.  Terms of the loan are no interest with a balloon payment upon expiration of the note.  If the note has expired and the payment is not made within that t...

What are the most effective ways you have found to minimize the chances of vandalism and breaks-ins of your vacant property during the rehab?

I'm finding a lot of people can't come up with three months deposit; plus I'm wondering if they have a good background check; verify job;no evictions; or criminal background; is it OK only to charge first and last mon...

Hello BP,I searched about 30 pages for this topic before posting to make sure it hasn't been discussed!Need advice on securing a house I purchased 2 weeks ago at a county tax resale auction. I was the winning bidder a...

Ok so I think I pretty much understand how to use my credit.  For best results use only 10% of the credit limit every month and pay it off in full once I get my statement. I also have a credit building loan for 1k fro...

Okay so I have a little bit of a dilemma. I recently purchased a four plex and I inherited two tenants who are on month to month leases.
One tenant has no security deposit monies on account as she is the previous own...

I'm an out of country landlord from Australia. I bought a property in Cleveland, Ohio on a turnkey basis, my offer was on the condition that the property was tenanted upon purchase.The seller and his p/m placed a sect...

I'm about to close on a small multifamily building with 3 tenants, each of which have re-signed for a year. The previous owner charged a move in fee, did not collect a security deposit.Is it possible (or recommended) ...

If I wanted to increase cash flow and was willing to tolerate more risk, would it be wise to forego the security deposit and instead ask for higher rent?Let’s say the market rate is $5,000 for my property and the secu...