I have been reading up on the 50% rule, and i am trying to understand it fully. My previous method of calculating expenses only adds up to a mere 35%
my old way includes
Property tax x 12
Mortgage insurance x 12
Re...
I have money invested in both (investing in notes for slices of their loans). Previously, I noticed alot of discontent among posters on BP about patch of land, but I haven't had any problems (granted I only have one ...
I'm trying to turn around a motel (located in Tennessee, Sevier County). Currently it's weekly rentals. Most of the tenants do not have leases. There are several who have no intention of paying & need to be evicte...
Can't decide if this is a good business decision or a petty decision.Tenants provided 17 day notice to vacateTenants were advised that they are in violation of the lease by not providing 30 days notice. Tenants come ...
I've heard the horror stories on here about squatters and how people have needed to go throughthe eviction process, even though there was never a lease in place.Might be a dumb question, but at what point does a squat...
So one of the big things We want to do as a Land Lord is building relationships with our tenants through great customer experience. The goal of this is to build a brand for us in our community and cut down on vacancy....
I currently have tenants who came to me and asked if they could break their 1 year lease early. I do not mind because they have been in the house since I bought it over a year ago and I would like to do some renov...
I have a difficult tenant who I gave 30 day notice of non renewal on his month to month lease, moved out 1/2/16 (2 days late). He and his family have been very difficult with the move out; his son has told me he wil...
I’ve been very fortunate to have done several hundred wholesale deals that have gone very smoothly. It’s not uncommon for issues to come up in a deal but I can almost always find a solution. This is one of the few tim...
I am a broker in Fort Lauderdale. I have an agent with a client that wants to sell a rental property that she is breaking even on. She bought the property in 2004. (Note, I mentioned a similar scenario in another shor...