Shawn Thom
Using Paynearme for rent
Since biggerpockets offered the discount on paynearme I jumped on it. I've been having issues signing up.
Has anyone done this as a landlord who is set up in their personal name. They keep asking about a bu...
Gary B.
Daily work order management
I just bought a 27 unit complex. I am new to complex of this size and looking for recommendation on best practices to manage property of this size. 2 things that i need advice one:1. Late fees: How to avoid that prope...
Allyn Becar
Raising rent on inherited tenants
We are closing a deal in Dayton, Ohio in 2 weeks and contractually are obligated to allow the existing tenants to continue occupancy for at least 60 days. These are long-term renters whom we are told are very good re...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
James Wierzba
Seller backing out of MFH deal
I am (was) under contract for a 5 unit MFH.
I was under contract with contingencies for inspection, appraisal, and financing.
Everything was lined up to close except for the appraisal. My financer charged me $850 fo...
Jonna Weber
Income Requirements for Tenants
Hi BP experienced Landlords - What are your typical income requirements from tenants? I historically have required a tenant's gross income to be at least 3 times the monthly rent, but I'd like to know if there is any...
Mario Valenzuela
"Helping" Tenants and Making Exceptions
Have you ever heard, "An appeaser is one who feeds a crocodile hoping it will eat them last." by Winston Churchill? Landlord-ship can be a dangerous jungle and an experienced property manager can help you make it out ...
Alon D.
Tenant's agent asking for commission. California. Is this normal?
Hi I recently put my property up on zillow. I have my own agent who I think listed on the MLS. Anyways my agent is being taken care of. However the tenant's agent who found the property for their client is asking me f...
Kathiuska Ramirez
When should i fire my contractor?
Morning To All,
Need your advice.
I started renovations on Oct 14th for a multi family property in Baltimore, MD. I decided to sub contract and not use a GC. I have done this before and its worked out fine and s...
Crater Slade
Dues cost more than property is worth
I bought a .5 acre vacant lot at tax auction. It cost me $2000. The taxes and hoa dues come to about $600/year.
i dont want the lot. If I cant sell it what are my options? I made a mistake buying the lot and do not w...