Andy Gill
How to accelerate distribution of excess funds after foreclosure
I bought an HOA foreclosure at auction and paid about 24k over the foreclosure amount. The attorney representing a mortgage lien on the house is being coy, saying that they'll send me a payoff for the full mortgage am...
Greg Pratt
Hold Agreement until possession - 2 months rent too excessive?
Hello,In the past, when I get a lease signed, I also collect security deposit and first months rent, then take the property off the market. I've never had an issue with a tenant not moving in, but I assumed if that w...
Timothy G.
Rental rules about excessive cooking with oils and grease
I have looked at many properties where the tenants cook with oils and grease. I have passed many of these properties up because of the smell, the cost of cleaning walls and cabinetry and the damage that has occurred ...
Eddie L.
How are you approaching deals with excessive insurance premiums?
I have a decent deal under contract that doesn't meet my criteria for a landlord hold. However, it is an excellent deal for a flip. My concern is the insurance premium that would prevent a retail buyer from purchasing...
Paul Keddell
Is $10K+ in damages after tenants move out excessive?
I just had tenants move out from our property 5 months early due to buying a home. We've had the same tenants since March 2020 and we thought they were pretty solid. My property manager secured the property some time ...
Ken D.
Security deposit fees for excessive people living in unit
I'm taking back control of several properties which I formerly had someone (poorly) managing for me. In one of them, I have a tenant whose lease is up for renewal, and I'm planning on not renewing the lease because he...
Jill F.
Getting rid of tenants causing 'excess traffic' (aka drugdealers)
Hi Bigger Pockets,
How do you deal with the excess traffic problem, when you have no actual proof or official statement from law enforcement regarding drug activity (which would allow/require and immediate 3-day evi...
Eian Siddiqui
Where does the excess money go after an auction?
Hello, I am a starting my journey in real estate and learning whatever I can about the business. I went to a couple of auctions around my neighborhood and was curious about one thing. Where does the excess money go af...
David K.
Excessive water bills in CLE - leak, tenant, or both?
Ultimately, my question is how much a running toilet / leaking kitchen sink could reasonably impact average water bills. But first please let me provide a little specific background and why I am crunched for time to f...
Peter Kim
What should I do with excess cash flow (after expenses)
I know this is based on the goals I have for my self but a general rule of thumb, after deducting expenses from my cash flow, should I
A) Use the extra $ and put it in the mortgage
B) Save, save, save to buy anoth...