Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...

When are you using a hard money lender for a purchase, do you pay for the appraisal done first on the property or you put an offer and let the lender accept it before waste $500 on an appraisal? Anyone with experience...

I am new to the area and closing on a vacant multi-family home (3 units) in Baltimore city. I have quite a few questions how to make sure it is a legal rental. Any help is appreciated!1) The bottom unit is in a baseme...

Hi all, for the experienced self managing landlords out there, I was wondering if folks can share what you do when a tenant moves out. I'm very familiar with self managing in terms of the tenant screening process, get...

Hi gang.  Just starting out and have done about a dozen property analyses using the Rental Calculator tool. The BP calculator lets you save the results which is great, and I know you can set Reminders.  But now that I...

Dear BP Community:After rehabbing my first unit and getting all my ducks in a row, I am on the cusp of being ready to go out on the market for the first time as a landlord. I am excited, and nervous! I would love to g...

Has anyone used a specific software to create professional looking procedure manuals? I have most of the systems tracked and documented. I just wanted to find something to make it look professional.Thanks,George

I have a question about my current tenant. They are inherited tenants from the previous owner. There is quite a bit of damage on the unit before I bought the property. We plan not to renew their lease because we would...

For those of you that are Property Managers (managing rental properties for others) or as owners managing your own properties, are you changing any of your procedures (conducting showings differently, rent collection,...

I attended the Shelby County tax lien auction on April 2. It was the first one in the state under the new procedure. This year, the following counties will have similar tax lien auctions instead of the traditional tax...