McKellar Newsom
Who here remembers the RTC?
When I was 25, the resolution trust corporation (RTC) was auctioning off saving and loan debacle properties. I believe the RTC was formed by the government trying to bail out the S&Ls in trouble. I remember thin...
Brandon Taylor
Denying tenant if they don't have an email or are not tech savvy
This is for a property in Covington, KY (right across Ohio river from Cincinnati, OH).I find that many of my tenants/applicants are not tech savvy (don't know how to use email even).Am I allowed to mandate that applic...
Mohammed Nasser
Resources/Recomendations for Newbie Real Estate Agents?
Hello BP Family,
I am currently employed full time as a scientist in the biotech sector and, alongside my dedication to science, I have a passion for real estate. Being a sociable individual who enjoys connecting wit...
Edita D.
Tenant submits a LONG maintenance request list right after moving in.
Hey guys!We have a 3-bedroom house in Fort Worth, TX area that we just got move-in ready.The new tenant moved in (he's an OWNER in another state, relocates to TX for several years for work, has a dog: german shepherd)...
Cheryl C.
How would you respond to this tenant question?
I have a tenant with 6 months remaining on a 2yr lease. I received an e-mail last week asking me what the renewal rent would be for a 1yr lease and for a month-to-month tenancy. I have never had a tenant ask for thi...
John Bowen
Earnest Money on a Commercial Real Estate Deal
What is the normal percent of earnest money deposit on a commercial deal? Agreed offer is $900K and the seller sent their own contract asking for 15% intial deposit for the Title company escrow instead of returning th...
Benjamin Barredo
Where do I go when they say no?
Ben here from Knoxville, TN.Advice needed. Where should I go when a lead says they don't want to sell? What do you do? Do I say thank you and then just wait to hit them up again? Do I ask if I can call back? Do I hang...
Jennifer Rysdam
Notice to increase late fees??
Hey everyone! I want to increase my late fees from $25 on the 6th to 8% of rent (MN maximum) on the 3rd. Do I have to give them 30 days notice for that or can I give it now (on the 7th) for next month? Too many people...
Dan Previti
New Partnership of friends looking to get started!
Good morning all,My name is Dan and I've been lurking on and off of this site and listening to some of the podcasts for about a year so far.A few close friends and myself started a General Partnership officially as an...
Christopher Stanis
New REI Club- Binghamton NY
This post is a call to all my fellow investors in the Southern Tier of NY. I am creating a new REI club servicing Binghamton and the surrounding areas. Our first meeting is at the Vestal Library, 630pm on Thursday Ju...