Quick case study I was hoping to get a couple of updated opinions on.I inherited tenants in a duplex I just purchased. Long story short, I honored the existing lease which had a low security deposit (<50% of rent),...
This is in Missouri. One of my tenants stopped paying rent in October. He then called me in mid-November and said he had moved back home with his parents, and he would no longer need to rent the unit. His lease run...
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
So, I narrowed down all of the property management software options from both the BP software list (thanks BP!) and a long CCIM forum list to my final two choices: Buildium and Rent Manager.
I manage an LLC ...
99% of the respondents will select 1031 exchange. If you know me very well, you know I march to the beat of a different drummer. I also like to play the contrarian.If I decided to part with one of my 150 unit apartmen...
About four years ago I got a 4-unit property with a FHA 203K loan, I was 26. The goal was to fix it up, live in it and rent the other 3 units out to cover the entire mortgage and have a a slight profit. I was gettin...
Heading to court today to file an eviction for the first time. I have done everything possible to avoid the situation. Some people are just no reasonable. The cost is going to be $192 to file the paper work. I am in T...
Hello everyone! I am new to this community and have read many of the forums as well as taken part in one of the podcasts. I guess I'll get right to it... I am purchasing my first multifamily property in the Buffalo,...
Good Day!My wife and I keep getting the itch to buy a VRBO'able vacation condo, preferably on the Gulf coast. (MUST BE Ocean front or nothing) We already own 34 units here in our own town of Waterville Maine, but we p...