Jack Tucker
What are your best "Special Stipulations" for leases?
Over the years of landlording and owning property in a college town, I have noticed that my Special Stipulations section in my leases have taken on some strange phrases and warnings to new tenants. It seems that e...
Sol Bergren
vinyl plank flooring is separating
I've installed vinyl plank flooring in a rental, I really like it but it keeps separating (I helped install this with someone who has installed alot of flooring previously but never the vinyl plank type, so maybe we d...
Chris Bingham
What systems and processes do you have in place as a landlord?
Here are some of my current systemsI have a main website for all the properties I manage. I set up a new website for each property with pictures and info on the property. These sites are referenced in each ad that I p...
Jose Trujillo
Closed flip and seller still has not handed keys over ? HELP !!!
Hello BP !!! this might be a bit long but please read along and help out a fellow newbie investor. I am in the process of obtaining my first flip deal. The seller's realtor has been in the business for 20+ years, ther...
Rachel Luoto
Freaked out, applicant says will sue
Hi! First time I’ve had an applicant threaten to sue. We said we could overlook credit with good landlord references, last landlord had documented that they owe a balance from withholding rent, so we denied. Tenant di...
Bill Gulley
LLC Minutes & Maintenance Issues
A recent thread pointed out the need for an Operating Agreement which led to maintenance rquirements of an LLC.
Not only do members need to have an Operating Agreement but the corporation needs to be maintained.
Min...
Tony Castronovo
How to inform a prospective tenant they did NOT get approved
After screening prospective tenants and making a selection, am I obligated to let the applicants who did NOT get approved know why they didn't make it? Not sure if it's best to "say nothing"....be vague....or tell th...
Dan Gengler
In the middle of a BRRR... Need advice!
HI All,First post on BP! I am a relatively new RE investor in the greater Milwaukee area. Just over 1 year ago, my wife and I bought a Duplex on the border of Shorewood and Whitefish Bay. For those outside of the a...
Chuck Brickman
Self directed "checkbook" LLC IRA
Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.
Thanks
John Geldert
Hard Money "Holdbacks"
Earlier this summer I funded one of my BRRRR properties using a HML (for the first time). The terms were not that bad considering I got the the property at a steep discount and they were able to close in about two wee...