Account Closed
Seller Lied about Appliance Age
I am going to try and keep this brief. Currently I am in negotiations to purchase a home. For reasons here nor there, I would like to back out of the deal.One of the things we discovered during the inspection was the ...
David Fritch
How ironclad is a letter of intent?
There is a mobile home park I've wanted to look into for several months. I stopped by and talked with the owner today. I had done business with her years ago and she is friendly. When I asked, she said that she had si...
Account Closed
Would you get a house "subject to" at full retail value?
Would you ever use the "subject to" method to get a buy and hold property if you had to pay full retail for the house? I've watched several of my neighbor's houses sit for 6 months or a year with a for sale sign in th...
Evan O'Brien
Review of STR Experience
Earlier this week me and my fiancé stayed in an AirBNB. It was a beautiful unit but there was an infestation of ants on the second day of our stay and the dryer didn’t work. With trying to keep an investor perspective...
Jessica Pierce
Breaking Lease early
Hi I have a tenant that is moving out after 6 months of a 12 month lease. She gave me 2 months notice thinking that was acceptable because in the lease it says 60 days notice for renewing the lease.I can’t find anythi...
Carlos Lez
Tenant looking for another place without telling landlord.
Posting this to help an elderly landlord: A rental company just called her for a reference check (saying this tenant wants to move into their apt. in the last week of March) on one of her current tenants whose current...
Darek J.
Neighboring property owner wants to replace common fence- Advice?
Hello all, I was looking for some advice.Last September, I purchased a duplex which I live in one unit and rent our the other. Today, I was out front when the property owner behind me stopped by and presented a work ...
Scott Trench
REPS And Active Losses and Gains
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving m...
James Fife
Typical to take first payment?
I recently bought and rented my first rental investment property. I hired a property manager that my real estate agent recommended to me. I interviewed the property manager and it seemed like a good fit. The rental no...
Sam Shah
late rent payment fee collected by PM
Hi Everyone,I'm a new landlord who just bought few multi-family properties. One of them is in Hartford, CT. My PM is telling me that he just collected few late payments and charged $50/tenant for being late. Now, he's...