Eric Samuels
Should I rent one of my units to one of my closest friends?
Hey everyone,So I have a duplex in Fishtown and I just accepted a section 8 tenant for my upstairs unit at $2483/month. The downstairs unit (1 bed/1 bath) I'm currently living in but I need to move back to Los Angeles...
Jake Kozul
Bed Bugs...
This is the oddest questions I have asked on this forum, but has anyone put in a clause in their rental agreements pertaining to bed bugs? I was considering getting an inspection of the unit to confirm there are none ...
Stacey Kane
Failed 1031 Exchange Question
I have sold one of my rentals with an intent to do a 1031 exchange. I was able to identify a property literally the last day of my identification period. Unfortunately, there were multiple offers and I did not get the...
James Warner
How to pay a private investor?
I'm guessing this is the right sub-forum since this is a tax/withholding/legal/investor contract kind of question. Please point me in the correct direction if I've put this in the wrong place.I have wanted to invest ...
Marysue Connelly
how to avoid a lawsuit
HI, I am looking to move my rentals into a LLC. I would like to hear for anyone who has been sued. What worked and what would you do differently if you could?
Caleb Stevens
Referral for Carpet Cleaners?
Hello! I recently just purchased a duplex in the Pittsburgh market and I am having a tenant turnover in the next feew weeks. I wanted to ask if any of you guys have a reference to Carpet Cleaners who would be willing ...
Michael Miller
Tenants trying to break lease due to roaches after 1 month
My tenants moved in late August and after about a week they found there were roaches in the unit. Previous tenants had seen some but we got pest control to treat it and it wasn't a major issue. The building has never ...
Daniel Vieyra
S-Corp - Salary/Dividend
I have set up an S-Corp and working on my first flip. I plan to keep any profits in the business for the first couple of years until I have some flips under my belt and/or making a good amount of money. So I will not ...
Dustin Faeth
BED BUGS!! Looking to buy a vacant duplex that the previous tenant claims has bed bugs, but how do I know for sure?
BP,
I looked at a great duplex in Columbus, OH today that is currently vacant...the last tenant had to be evicted and when he moved out, he trashed the place and wrote the words "Bed Bugs" on every single wal...
Tony Gunter
Deferred Maintenance when underwriting Multi Family
How do you work the money you will have to invest to address any deferred maintenance into your underwriting of a prospective multi family property?
Is this done with adjusting the cap rate when evaluating the proper...