Troy P.
Trying to sell home to tenant with no financial history
Hi all,I have a tenant who is wanting to purchase the property from me, but by the end of the lease, she will only have 6 months of employment and credit history under her name. She was a single mom in the past and d...
Elena Scott
How do property managers collect last month’s rent?
Every time a tenant moves out, they don’t pay their last month’s rent. Sometimes they leave without paying the last two months of rent. Security deposit is not enough to cover the turnover and back rent. It seems near...
Theo Hicks
Asset Management Questions for Experienced Apartment Investors
Hello everyone,I am trying to compile a list of the best asset management practices from active apartment investors. If you have experience with asset management and multifamily properties, could you please provide an...
Dave Reeves
Multifamily- Prorate or switch from boiler to electric heat
I recently purchased a Multi-family 4 unit that currently has a new gas boiler. Property managers in my area are telling me to eliminate the boiler and install electric baseboard heat in the units and have the tenants...
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
Own a 4-plex in the KCMO Area. The Property Management company has breached the contract in terms of allowable expenses without owner's approval. I am also having communication issues with this PM - no email responses...
Brady Williams
Condo Conversion Point Loma, San Diego
Hello,Over the past several months I have been working on a condo conversion deal in Point Loma, San Diego. I've been talking to condo conversion specialists and brokers to get a feel for the market. I commute between...
Account Closed
First Deal
The property is a 3/2 main house with two 1/1 apartments out back. The apartments rent for 500 each per month and the house for 1500-1600 per month. Purchase price is 200,000. Comps 300-350,000. Main house needs roof ...
Stephen Underhill
Vacation ideas
Hey everybody, I was looking into a family vacation next year and I realized, bigger pockets is full of people that work around the retail rat race, so my question is this, do you guys have any suggestions for family ...
Ryan Spearman
Have you used two property management companies at once?
I currently have 5 units all with the same property management company, they are all in a different city from where I live. I would like to scale up and buy more units and was wondering if anyone ever used two differe...
Travis Howser
Property Management Fees and Commissions
Hi BP, A few questions about Property Management companies.1) Is it common that each time they find a new tenant to move into your property they ask for a 1 month commission fee?2) What would be an example of a 1 mont...