Aimee Knier
Coffee with tenant to discuss late rent?
I just read an article that made a recommendation that I found weird and not a good idea, and want to get an outside opinion. When your tenant has been consistently late in rent and is clearly in danger of eventually ...
Bryan C.
Partnering w/ Parents...thoughts / suggestions
I am looking for your feedback on this one....my parents are interested in getting into real estate and are open to partnering with me. I know my parents are tired of their jobs and want to find another way to build ...
Kyle Shankin
So, I was robbed..What do you do for security?
My wife and I have a rental that we've been rehabbing for 6 months, this house was the pits when we got it. Structural issues, dirty as all get out, holes in the garage roof...the list goes on. We're at the end of the...
Ty Kauffman
Purchasing, improving, and operating self storage facilities
Hi everyone! My name is Ty and I am seeking to meet self storage owners and operators, as well as brokers and tax attorneys within the self storage industry, to learn as much as I can about purchasing, improving, and ...
Kari Corbin
Hello from Portland, Oregon area
Just wanted to introduce myself a little more formally. I found BP late last year while searching for a way to screen tenants for our rental house and have been addicted ever since. There is such a wealth of info...
Mohammed S.
Question about the level of Inspection for a Class C property that is over 40 years old
Dear BP Gurus,What is the level of inspection investment to perform during the due diligence period for a 10 unit, Class C property that is 40+ years old in the South East part of Houston? Given the age of the propert...
Carey Edmund
Rental Standards
I am trying to create an applicant/renter guideline for my rental property. I would like something that spells out the expectations for any applicant and tells the applicant a criminal, employment, and credit check ar...
Janice R.
Property owner cannot keep an extra set of keys per the PM contract
Hello all,I have been self managing my investment properties for many years successfully for years. I respect the tenants their privacy and I have never "show up". The one time I needed to get into the property qui...
Jessica S.
Tax Implications of Flipping Partnership
I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...
Stephanie Preasha
Tenant paid most, not all rent
I have a situation where a long-term tenant paid all but $275 in the rent (total rent is $1775). My lease states he will be charged $25 each day not paid but does not specify anything about partial payments. I did l...