Patrick W.
Closing on (almost) first 5 unit property (fully occ) building
I'm closing just after the first of the year on a 5 unit building. I own a duplex currently that is my primary residence so it is easy to self manage - but this new building will be a new adventure. All units are curr...
Mario Niccolini
First Time Buying a Short Sale – What Should I Watch Out For?
Hey BP community,
I’m looking at a short sale property in Florida and considering making an offer. I’ve never done a short sale before, so I want to make sure I’m not missing anything important.
For those who have b...
Jeff J.
moving a tenant out so another can move in: getting nervous!
I have a tenant that is moving out March 31st and another tenant is moving in at noon on April 1st.The old tenant does not have her act together and I worry she won't be out in time. She has not scheduled a moving tr...
Dan Vleck
Tenant moving mid-lease
I have a tenant in Minnesota that has given 30-days notice. He informed me on August 8th that he'll be out of the house on Sept 15th because he bought a house. He is in a lease that goes until April 2018. Even if h...
Shel D.
Buying a property in AZ with no leases, is it a bad idea?
In the process of buying a 4-plex in Phoenix, AZ. Fully occupied but no lease in place. The seller did send me some old expired not signed leases. These leases do not hold if challenged in court. I am no lawyer but th...
Larry N.
Approach Rental Agent for Lease Option
I read that it was recommended for lease option investors to contact real estate agents listing houses for rent by owners to do a lease option deal.
Usually the agent asks for credit reports, rental history...
Matt W.
Lease renewal timing
I just rented my 3br/2ba house a few months ago; so far so good. I live in Wilmington NC and the rental market is much hotter in the summer. Unfortunately, my current 1 year lease started in December, so it will rene...
Ty Zaczkowski
Testing market demand for rentals
I have recently been searching around in smaller cities near my current resident city to find better cash flowing deals. I think I have found a potentially very good candidate about an hour away from me where home pr...
David Lunsford
Lease options % the SAFEact
Since lease options are executory contracts in Texas will lease options fall under the new SAFE act rules?
Jane Z.
Could landlords not renew leases during Covid-19?
I have a tenant who has been living in one of our SFR properties since 1/2013. She used to be a section 8 tenant, but lost section 8 status at the end of last year because her son is over 18 years old. Also at the en...