Alex Black
Only 4 of the 5 tenants have paid before move in. How to proceed?
I have 5 tenants that are on a joint lease schedule to move in on August 1st. One has not paid yet. How do I handle this situation? So far I've told them that no one can move in until rent has been paid.More backgroun...
Jay Norlund
Renting a guest house/adu in Phoenix long term
I've been researching the rules on guest houses, in-laws etc when it comes to building these. Looking at the ordinance for guest houses from the City if Phoenix, (below) #2 seems to say you can't advertise them for r...
Richard Fields
Security deposits
Does anyone know if I need to open 3 separate accounts for my triplex tenants security deposits, or can I put all 3 into one account?
Luke Ostergaard
Checking/Savings Account for Rental Property
I have seen several different opinions on this matter but I wanted to get some up to date recommendations. I am working on acquiring and moving into my first househack (2-4 unit property) sometime within the next 3 mo...
James Maher
Depreciation basis
I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
Marc-Andre Bordeleau
Newbie - Setting up bank accounts
Hey guys,I'm about to close on my first property and the realization is finally starting to kick in. I need to get my stuff together.So I was wondering, for those who have one or many rental properties, how do you hav...
Christopher Alley
Does cold weather make single family homes a better investment?
So I've been running the numbers on properties in my local area of central Maine. We get cold winters up here, I mean COLD!... and it seems that the variable cost of heating in the winter is chewing up the potential ...
Ronald Rich
Real Estate Contracts - Advice Needed
Hi-The seller agreed to sell 2 properties to me. He wanted the total price to add up to 475K and I was planning to live in one of the houses. I offered House A at 250K (Worth ~250K)and house B at 225K (worth ~300K). H...
Chris Rosenberg
Separate Heat and Hot Water in The Bronx
Hello all. I am begining my search for my first investment. I'm looking for a 3 family with a rentable basement or a 4 family, owner occupied in The Bronx. My main question is about how the utilities should be set up....
James Morin
Deposit To Hold Question... Where do I deposit??
Hi BP Family I hope everyone is out there safe and taking care of others the best they can! So I have potential tenants that passed all qualifications and seem to be great people. They want to move in middle of month ...