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I am surprised at how many LL seemingly do not collect First, Last and security deposit at move in. I thought everybody did? Security Deposit for us is equal to one month's rent. What's y'alls practice on this?Thanks ...
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I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
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Hey everyone!So I am closing on my first property, which will be a house hack, on 9/13 and will be renting out to two buddies. I just had a few questions in regards to the lease agreement and some details related to t...
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Just curious what the requirements lenders have for multiple buildings with multiple units? I found three 4 unit properties that are 80% occupied being sold by an individual in declining health at 86 yrs old. He has o...
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So I know secured loans are not a new concept. And from previous threads on here, they seem to be fairly unpopular.
But at least for my situation, they seem like reasonable ways to finance rentals without having to ...
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I have people that would like to invest in my rental business, a first for me. We are negotiating an annual percent of return. Right now I am offering a monthly payment for return, focusing totally on cashflow.
The...
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I have a unique situation.
Bought a condo unit six months ago and it came with a tenant and lease. The lease expires the end of this month (November 2012).
The lease was very simple and the tenant was living their ...
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Right now I have 5 different checking accounts for 5 different rental properties to keep everything separate. Is this common practice? Seems like when I am at 20 houses, having 20 checking accounts/20 debit cards/ ...
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My contract with my property managers requires my approval for any expense over $500. For the second time, an expense for well over $500 has been payed without my consent. It was in response to a potential emergency s...
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What happens to the tenants security deposit if I purchase a multi family building with tenants already in it. Do I get those from the previous owner? Do I have to factor that in as a cost of purchase? Is there a s...