Jessica Pierce
Breaking Lease early
Hi I have a tenant that is moving out after 6 months of a 12 month lease. She gave me 2 months notice thinking that was acceptable because in the lease it says 60 days notice for renewing the lease.I can’t find anythi...
Presley Balestreri
First Investment Property - Commercial vs Conventional Mortgage
First Investment Property - Commercial vs Conventional MortgageI have been researching and trying to decide on a lender/Type of mortgage for my first property. I would like to get pre-approved so I can be ready to pur...
MarieChele Porter
How to split utilities between tenants
Hey BP, Happy New YearI am in process of renting out my first house hack but I'm not sure of how to split the utilities. It is a single family home with attached in law suite but no separate gas or electric meters. I ...
Eric Pierpont
The 15-day rent payment grace period in Maine
I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of ...
Brian Kwan
How to Calculate Cash on Cash for HELOC?
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
Thresa Chang
Advice for how to put my brother to move out of my house
My brother moved in with me (7-years ago) in the middle of his divorce. My mother told me that he will buy his own house after divorce final. After 3-4 years, divorce was final and he got 2-million dollars. He has inv...
Adam Christopher Zaleski
complicated and creative summer living situation
My wife and I currently live in Hawaii. I am a college prof and she is a substitute teacher. We have spent the last two summers in Colorado to be closer to her family (May 7th - August 15th). The last two summers we l...
Jacob Morgan
Tenant screening: which flawed applicant would you go with?
I have a remodeled, multifamily building in an smaller, old railroad town which has been down on its luck for a while, but seems to be slowly improving. As such, the core neighborhoods are pretty scrappy looking and m...
Account Closed
Soooo dazed and confused
Thanks for all replies in advanceI have been looking at different avenues for buy and hold. Thinking about Out of State Turnkey and have some phone appts coming up soon. Also, I have been looking in my area and foun...
Ruarri Miller
Section 8 question
I recently rehabbed a foreclosure with the intention of using it as a student rental. It's two blocks off a college campus. I was unexpectedly approached by a family with a section 8 voucher for $1100, which is the ma...