Levi Koskan
Tenant destroys property | Whats the PM's liability?
I'll need to do quite a bit of work to get this property back and healthy. Things like carpets, blinds, doors, lights, fumigation, paint, cleaning and some landscaping. The brunt of my frustration is at the tenants wh...
Laurence K.
BPO not even close to true value
I'm an international investor from Australia, I purchased my first ever note in November 2015. It was a non performing first mortgage with an UPB of 116k, secured by a triplex in Luzerne County, PA. It was in the fina...
Gabriela Angel
Meeting our first tenants tomorrow
Hi, BP community,We are meeting our first tenants tomorrow. I've heard it's best to tell them we are the property management rather than the owners.What other advice do you give?Thanks in advance.
Mellisa Wu
Fleas on property, tennant requesting compensation
My tennant moved in, at the time our place was flea free. After a bit more than a month, she told me she has all these bites on her legs (July 25th). I suggested she can use our organic bug spray around her room to se...
KJ Miller
Too good to be true?
So I am looking to purchase my first rental property. I know that typically deals are not found on MLS or Craigslist as these are the "deals" that have made it past all the savvy investors. My question is this though:...
Corby Goade
Late Fee "grace period." Why?
Most leases I've seen have a "grace period," rent is due on the first, but a late fee is not assessed until the 3rd or the 5th. We've had this in our leases and it has not served us well, and to be honest, we have inc...
Glenn Zhao
Knob and Tube Wiring
Hi, I own a 7 unit multi-family property in Cleveland Ohio. Recently I renewed my insurance policy. The insurance company sent an inspector after I started the coverage. After the inspection, the insurance company sai...
Chris Adams
Land development partnership gone bad, what can 2 partners do to 3rd
I have been hired as a GC to take over the day to day construction, marketing, and sales for a subdivision of new construction duplex's. In short I am 99% in charge of everything. Unfortunately the subdivision is a...
Theresa K.
underwriting guidelines for SFR without stove and light fixtures
Looking to make an offer on a Freddie Mac property that does not have a stove and is missing light fixtures in some of the rooms. Would like to get financing if possible. Local credit union will not do the deal beca...
Sofiya Cherni
Tenants holding weekly prayer groups
Tenants are having prayer groups once a week with loud music and yelling/praying. Is this something I have to allow? I have a clause in the lease against property being used for business purposes but this doesn’t quit...