Do you pay off the mortgage at a higher rate? Do you put the money into savings for THAT property incase it needs work? Do you put it into its own savings account to use for future investments?
I will add the caveat, "I know this is not a forum of lawyers, and this in no way constitutes legal advice. For legal inquiries, I should consult a lawyer." There...I am looking for anecdotal stories about what you ...
Hello BP family, can any one tell me what to do? I'm selling my building and I'm set to close in 7 days, my tenant just told me that she's not going to pay rent this month (month to month lease)and to use her securit...
We are getting close to listing our first rental and I wanted to get some feedback on the process steps below. Please let me know if I have anything out of order, or something totally missing. Thanks!1. We will be pos...
Hi - I am a town home and duplex owner. My goal within the next five year is to purchase a single family as my primary investment and to secure another investment property. I recently came across a distressed proper...
I am using Zillow to receive applications and screen prospective tenants. I have received some inquiries for viewing and 1 application. The applicant has been very persistent on wanting to check out the property. He s...
We have started to allow tenants retain utilities in our name but we have wondered whether the amount we add on for utilities should be counted as part of the monthly rent, especially for reasons of aligning with the ...
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
I apologize for reposting what is probably the same question. My small brain needs to apply the rent to own/lease purchase of my specific situation in order for me to understand it. I have a rental property that was n...
Tenant has been making small payments towards the total move-in costs. We are one day before move-in, and tenant is 40% short. Already questioning my judgment and wondering ... if the total move-in costs are not full...