Mohan Deep
Process to collect damage post move out?
I have a tenant who moved out recently. The damages exceed their security deposit. I mailed them a security deposit statement using certified mail after 7 days of their move out. They refused that certified mail. Can ...
Account Closed
Phoenix homebuyer duped out of $73K in real-estate scam
One click. One-tenth of a second later, $73,000 disappeared into the ether and two Phoenix home sales were derailed.It was no accident. Homebuyers across the country are being targeted in custom-tailored email scams a...
Shane Burke
I have a water bill question
I just purchased my first duplex in April. When doing the inspection on Jan 31 we found the outside water faucet was turned on… just a trickle but definitely running. Ground was soggy and was wet in the basement unde...
Mindy Jensen
Question About Lending Laws Regarding Private Loans
So let's say I have $X to lend. I've been happily lending it out at 10% with no points. (And no, I'm not looking for new borrowers at this time.)If a friend has his own lending business, where he is lending at 12% + 4...
Jon Kelly
How to structure partnership / multiple investor deals
Hello BP Community, I've started building a small portfolio of 4 properties and 15 units. I'm interested in expanding, and one way to do that is to bring in additional investors. I'm struggling with coming up with how...
Detra Harris
New Security Deposit Laws are on the rise!
Hello, I've been getting calls regularly from start-up companies offering what they call "guaranteed security deposit fee". I'm old school and just getting the hang of online rent payment software (awesome juice -btw...
Preston Ellis Biggs
Inherited tenant lesson being learned the hard way.
So I recently purchased a duplex in Clarksville, TN that came with a tenant in one side. Man have i learned my lesson! So I guess it started with my neglect for due diligence when it came to the tenant. I didn't have ...
Marvin Romero
How to place a lender in first position
Hey guys,Hope all is going well I was curious I have some potential private lenders that will be investing with me but I am new to this private lending game? I was wondering how do I show them security in the property...
David T.
Background check on Renters
Does anyone know what the difference is between running a check with an EIN (Employer Identity Number/Corporate Rental) and a SSN (Social Security Number)?
Edward Lamson
Commont Pitfalls in hiring Property Management
Hiring only a real estate sales agent to manage your property
Paying more than 7% of the Gross Lease as a leasing commission
Paying more than a 10% management fee
Signing a long-term, ...