Ruel K.
Prospective Tenant
Would you rent your condominium or any property to a tenant who says upfront that they have no credit history but can show pay stubs that they could afford the rent? This is my first post here by the way. I appreciate...
Bob Mazza
Security Deposit - Apartment is covered in grease!!!!
Looking to help from the BP community in figuring out how much of a security deposit I should hold back. I had tenants move out of a small studio apartment I have about 3 weeks ago. When I went to get the keys the apa...
Jonathan G.
My Pet policy (first draft)
PETSThe current lease does not include pets however, if desired, the lease can be amended to include 2 small pets. We realize that many families like / desire pets however, all pets do impose a significant amount of w...
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
This cabin is in the sierras near Giant Sequoia National Monument. I identified a nice cabin in a nice area that I was going to offer $500k to STR it. Bonus I found a co-host with a presence in the area that would co...
David P.
Buying a property with 2 unpermitted units
I found a property in a very good area of Southern California where the seller added 2 additional units (attached) to the back of her house. The main house is approximately 2,500 sqft and she added another 1,000 sqft ...
Greg P.
Coin Operated Laundry or Car Wash? Question please.
Hello, I'm thinking about purchasing either a coin operated car wash or laundry with good financials. My concern is that they are harder to operate than it looks. The laundry mat is in a mid-low income neighborhood ...
David Sisson
Trouble finding qualified tenants in RI + questions about SF
So, I'm purchasing my first single family as a rental. East Providence, quiet B neighborhood. 3 beds/2 bath. I'd say that the unit is C+ or B- quality, with the nicer homes in the neighborhood being the owner occupied...
Stephanie Banno
S-Corp and LLC? Tax Attorneys in Austin, TX area
Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...
Tariq B.
Would You Fire Your PM Over Outragous Maintenance Costs?
Greerings All,I have a couple of PMs in different areas and one particular I'm having issues with is a big box franchise one.I'm a nutshell they are charging 2 to 4 times on any fix I have them do. It has gotten to th...
Shilpa P.
Landlord/ Tenant dispute
Hello, I need your help or pointers to move in the right direction. My tenant is moving out and couple of relatively major issues have been noted. 1) lot of condensation on one window which the tenant has never disclo...