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I’m in the process of purchasing a residence with inherited tenants (month to month without a lease). Rent charged is under fair market and one of the tenants is receiving a partial rent assistance from social service...
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I am a tenant, not a landlord. I am asking for the approach a landlord would want me to take in my situation. I hope this post is not against any forum rules.
I split my time between my home city and where I work ove...
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I am nearing the closing date on a tri-plex in a suburb outside of Seattle. All the tenants are long term tenants with two of them having been there for over 10 years. The leases are all MTM with rents well below mark...
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Hello BP community!This coming weekend I am due to check out a property with rental potential. This property is a duplex, where there is a vacant unit on one side and inherited tenants on the other side. The dilemma I...
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After you've found a property, submitted an LOI, have come to an agreement with the seller, at what point do you have a PPM put together as well as an operating agreement?Looking for a few opinions and also examples i...
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Hi Everyone,I've been listening to the Bigger Pockets Podcasts throughout the summer and am now just getting active online. I'm originally from Cleveland where I have worked as a commercial real estate broker the past...
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We're about to close on our first property, a duplex. One side is recently vacant, the other is rented. The current rent is 600 and we're going to raise the rent on the unrented side to 700. I'd like to raise the r...
How do I graciously raise the asking price on a rental unit I already listed? It's been 24 hours and I've had over 50 inquiries. I've interviewed four prospects and two were really good. But based on comments on the l...
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After their first deal I hear a lot of people say "I wish I had gone bigger". I want to go big on my first deal to make it worth while but I am also being realistic. I found a deal that I haven't moved on yet but I wo...
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Curious what people thought about raising rents. I and a partner have a 6 plex locked up and rents are under market big time. They are currently at 505-550 and should be 650 or so. Would you advice immediately rais...