Alex Silang
Why do you invest in commercial (instead of residential)?
I just wanted to get people's opinion here.Residential has numerous advantages - easy to find tenants, Fannie Mae offering long term loans, etc. It's fairly hands off if you find a good property manager. Why do you in...
Account Closed
Purchasing a 2 flat
Hello everyoneMy name is Alex and I am a contractor in Chicago area. I always thought about getting in the real estate but I'm always swamped with work so I didn't really have time to sit down and start reading more i...
Matt Gilroy
Tenant has been smoking inside... can I keep all of the deposit?
Hello BP,I was at my rental house this morning making a repair. The house smells so strongly of cigarettes that I still smell like an ash tray after spending less than 30 minutes inside. The tenant is fully aware th...
James Nix
Tenant paid all funds to move in but prior to Move in Day can't
Hi everyone, So this question is actually from my Dad he owns a multifamily and is in the process of renting it out. He found a prospective tenant & got a security deposit ($750) from him to hold the unit for Move...
Mike Hsiao
Setting Leases to end in Peak Months?
I have a 4-plex in Normal Heights, and just getting started with managing the property. One of the units leases will be ending at end of September. I believe they want to renew the lease, but I'm thinking of only ex...
Stephan Nemeth
Structural Issues
Hi BP,I recently went under contract for a quad and secured a pretty fair deal from the retiring owner. Everything was going smoothly until the inspection revealed some potential structural issues. Upon further insp...
Pal Sa
Lease renewal and rent increase by 5.5%
Bigger Pockets forum, Happy Thanksgiving to you all. My rental home is coming up for lease renewal. Our tenants would have stayed there for a year by then. They have been good. They pay rent on time. I am able to wor...
Johnnie Fair
Screening for voucher housing
My prospective tenant’s last three housing situation. 1. Lived in a duplex, she gave me the name and number of the landlord but the name doesn’t match her number on caller id. The person I spoke to didn’t want to gi...
Tereal Wilsonn
Utilities
When tenants vacate the property , what became of the utilities in Michigan , do they get shut off automatically once they inform the service provider they moving ?
I've just never dealt with this and need direction
Adam Juodis
Property Tax increases after purchasing?
I was talking to my dad, who is very skeptical about buying rental properties, and he warned me to watch out for the government raising the property tax after purchasing the property.He told me that in his current hom...