Has ANYONE out there actually had a successful experience with tenants who have had an eviction previously?I pre-screen my tenants by saying "Total household income has to be 3x rent, no pets, smokers or evictions."Th...
Should I only hire a handyman who is licensed and insured? What are the ramifications if the handyman is not licensed and insured?
Hello fellow Landlords,Which flooring type makes the most sense for bedrooms in 3 & 4 bedroom rental houses? The market that I am in commands $1100 - $1400/mo for these properties. I believe that more renters pr...
So I picked up a 4 unit building in a lower income area earlier this year. I had some significant challenges when I took it over, (see https://www.biggerpockets.com/forums/223/topics/617743-shameless-self-pat-on-the-b...
Hello everyone,
I recently heard Kathy Fettke talk about this on her podcast. I’ve yet to purchase my first rental property, though I am taking steps towards accomplishing that goal, and it’s one question I hadn’t ev...
Im planning on buying a single family house in Fort Myers, Florida, and rent it to college kids. Rent out the rooms and I'll live in the garage (dream come true kinda).NOW, if I tell the tenants, "Sure have people ove...
Does anyone have a sure-fire way to get tenants to pay rents on time? How many days should I give before charging a late fee? What is a fair amount to charge for late fees if rents are in the $1000.00 range? I would...
Does anyone have experience using a HELOC to pay off a mortgage early? I just bought my first property and had never heard of such a concept until I was recently listening to the Real Estate Guys Podcast. I've been li...
2nd position loan questions
How do you insure you mitigate the risk of not being paid back?
For me I use;
2nd lien on target property or cross collateral property deed of trust
JV agreement
Promissory Note
Pers...
HI all,I have a tenant (Texas) with an upcoming lease expiring and wondered if I can raise the late fee while going month to month? Does this require a new written lease or just a written notice regarding a late fee i...