Trevor Anderson
Value-Add Apartment Acquisition Strategy
Hi BP community,My team and I have found a fantastic MFU property in a major Florida metro area, but we're unsure as to the best way to structure our acquisition.The asking price is around $2.5 million, but the proper...
Kris Fox
Hard Money Lender Needs Due Diligence Help for Commercial Note
I have a borrower who wants to make me an equity partner on a commercial deal he's looking at. There's a 6000 sqft building that currently has a tenant. Borrower has been around a long time and has a tenant ready to...
Account Closed
Introducing Myself as New Landlord / Conditions Report
First, the question then a little background.
-Do you sit down with existing tenants after acquiring a property or just send them a letter introducing yourself? If you send a letter how do you perform a mutua...
George P.
When the lease is up and the tenant is staying
Do you make the tenant sign the same lease contract they signed when they moved in? Or some other document that would state that the lease is extended for another two years blah-blah.
Thank you
Brian Eilering
Student Housing - Athens, Ga
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $50,000
We live roughly 45 minutes away from Athens, Ga, the home of the University of Geor...
Christine Mwai
What did I get myself into or am I over-reacting??!!
So I rented one of my properties to a lovely family. Did my due diligence etc...They were coming off of Section 8, but I did verify their income etc.( income increased)... Oops, husband lost his job 1 month into the l...
Kodi Parker
Rent below market value
Just purchased a triplex( first rental property) with two tenants occupying the units one being vacant. The rent they are paying is way below market value. How do I approach this situation to increase rent setup paym...
Jason Cory
Sales & Rental Data for the Birmingham MSA Along with a 6-month Forecast for Each
Sales Data for the Previous 6 Months
New Home Sales
November 2023
Sales: 150 (MoM: -3%, YoY: +5%)Median Sales Price: $325,000 (MoM: +1%, YoY: +8%)Average Square Footage: 2100 sq ft (MoM: +2%, YoY: +6%)Inventory: 18...
Neil Whitney
Security Deposit from Inherited Tenant
Okay so I have a little bit of a dilemma. I recently purchased a four plex and I inherited two tenants who are on month to month leases.
One tenant has no security deposit monies on account as she is the previous own...
Bob Romano
Should I increase rent?
I have a tenant who is coming up on her 3rd renewal in July. I have not raised her rent in 3 years because she has never been late and I very rarely hear from her. I am thinking of raising her rent 3% to cover the inc...