Garrett Hawk
First Extended Stay Purchase
Investment Info:
Other buy & hold investment.
Purchase price: $2,100,000
Cash invested: $1
Purchased a 105 door extended stay hotel property.
Property had a 38% vacancy with an owner that refuse...
Bill Hinshaw
Charitable giving and taxes
I have a flipping business structured as an LLC. We just sold our first flip and made a profit. With respect to taxes and charitable giving, should I give from the LLC or take a distribution from the LLC and give out ...
Kyle Jensen
Process Validation: From Listing to Tenant Placement
We are getting close to listing our first rental and I wanted to get some feedback on the process steps below. Please let me know if I have anything out of order, or something totally missing. Thanks!1. We will be pos...
Jason L.
Inherited a tenant who was allowed to smoke in the "garage".
I recently purchased a duplex and inherited tenant who was allowed to smoke in the “garage” under her previous landlord. After a few visits in her home it’s obvious that she’s smoking in the house. Her lease is up Dec...
Steven J.
Roaches! Who should get the bill?
I'm managing a 24 unit building in the rougher part of town (its Fargo, ND so its not that bad). I had a tenant call to report he saw a few roaches and sure enough he's got them. Even was kind enough to catch one so w...
Gina K Vallone
Tenant put down a deposit to hold apt but have bedbugs!
Prospective tenants put down a nonrefundable deposit to secure an apartment. Nothing signed just texts agreeing. Good references but started asking to buy the 3 beds in the unit so I get red flags! Called their landlo...
Marie Machosky
Emotional Support Animal - Bogus "Documentation"? FHA, ADA, HUD
Hi all,I'm new at this landlord gig and I have a bit of a dilemma. A tenant asked if they could adopt a pet; when I replied with the information regarding deposit and pet rent, I never heard back until I followed up t...
Jamelia Rabsatt
moving a tenent out (month to month lease)
Hello BP! I am a new landlord and I just rented out my condo on a month to month lease. It hasn't been a month and I am already having issues. I really want her out and I wanted to know what is the right way to do it....
Brian Kraft
Bed Bugs in CO & Flooring Question
I'm wondering if I can get some help on navigating a bed bug issue in Colorado. Bed bugs are something completely new to me. I also have a question about vinyl flooring going over hardwoods (what!?!?).I purchased a du...
Joshua Chen
Profit Margin
For experienced flippers, what do you consider to be your acceptable profit margin?