Hello, I am purchasing some apartment units with existing tenants and leases in place. When I acquire a new property, I have the seller give me a lease assignment agreement, assigning the leases legally over to me. Th...
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Hello, asking for a friend, seriously. She has a 1950.00 house for rent, and a tenant prospect who has signed a lease, shown pay stubs which checked out, but has a 675 credit score. She was a bit difficult on getting ...
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Any advice welcomed! I have shown interest in a gutted home in my neighborhood for about a year now. I plan to tear down the dilapidated property and build a new home to flip. The area is hot and has other new constru...
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Right now, landlords are afraid to saying anything negative about a current or former tenant when a potential new landlord calls for tenant history. I have a solution. I'm not saying you would see immediate...
Over the years on here I've seen some questions regarding people wanting to become Property Managers and how they would handle entering the data into a financial software program. What they don't realize is that there...
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Hello BP! We are managing our first rental property and have come across a concern with pets at the property. We approved 1 dog (specifically identified on the lease) for the tenants. We recently learned that they too...
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I have a young family in my property renting it out currently. It’s a low income home so I don’t expect them to be perfect however I see now that collecting the rent is slowly becoming an issue each month.
In the pa...
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and what is the best way to go about developing a proper contract?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Rochester.
Purchase price: $135,000
Cash invested: $24,000
Picked up this triplex with a 1031 exchange, property is at 100...
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Hey BP,
So I've got some tenants that seem to be 3, 4, maybe 5 days late just about every month on rent. Usually it's not too big of a deal because they are great great tenants when it comes to up keep, noise, and o...