Ryan Jones
Grandma's spouse died, she's on deed, spouse's kids living in it
Location: HoustonSituation: Husband and wife were on property's deed as they were married and bought it together 15+ years ago. However, she moved out over a decade ago. They were always still legally married. Th...
Will Gaston
College Student Rentals: Parents are worse than the Students!
All:I have a large college student rental property business (~150 students that rent from me) and have been buying houses/apartments and renting to college students for 12 years.Despite all the nightmares you've heard...
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Seller's current tenant has a lease agreement for FREE rent!
Seller is out of state and inherited a property from seller's deceased father. Deceased father's girlfriend (tenant) has remained in the property rent free since the passing of the father over 1 year ago. Seller and t...
Samuel J Claeson
How long of a time frame does a landlord have to remove ice/snow?
Hello BP members,I was not able to immediately salt the driveway this morning, and I received a quite threatening text from my tenant about the "icy" driveway ("...my brother in law is a lawyer!...."). I personally ...
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Best Entity for California Residents
I'm trying to figure out the best entity for CA resident/investors that want to invest both in and out of state. I know a California LLC is required to pay 800.00 a year annual tax. I am already doing that with one LL...
Peter Christensen
Tenants broke up with each other - now want to modify lease
I am self managing a SFH in St. Paul, Minnesota. The tenants are boyfriend/girlfriend and under a 12 month lease that started July 1st and so far have been all star tenants. They pay on time, they notify when things...
Andrea Finkelstein
Please Stop BUGGING Me!
Hi all! I hope everyone is staying safe and sane through these strange times. I am scratching my head (figuratively) and hope a few can give some advice. I have a condo in a large gated community of both sfh and condo...
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WI Lease void due to clause violating Wis. Stats 704.44
I was served a certified letter by one of the six tenants at a student rental house stating my lease was void because of violating Wis. Stat 704.44. giving them reason to pick up and leave. This in turned caused a do...
Andy Wayne
Legal Status
Hi Everyone,
I just closed on my second property of the year. And I was wondering for the people with multiple rentals, how do you have them structures from a legal standpoint? Right now, the properties are just in m...
Price Kenney
C-Corp for every deal?
I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...