Eric Stewart
Unpaid utility bill
I’ve had a horrible tenant this first year with my property. Let’s just say that this was not a good start to my RE business. Anyway, the tenant didn’t pay their water bill for the duration of the lease and now $2000 ...
Justin Jarboe
LEASE ADDENDUMS? What extras do you add to your lease
What are your favorite add ons to add to your lease? Do you have an addendum to your standard residential lease? Examples: Smoking is prohibited in the unit. LANDLORD permits the use of parking space #XXXX t...
Ruth Kelly
Advice? Screening app w/ collection items "disputed by consumer"
Hi there, I have some experience leasing for a little over a year, and I haven't run into this particular combination of issues until now. Context: As is baseline standard for screening, I require all applicants to pa...
Mike Hernandez
Starting a Partnership? Do you have standards?
I almost entered my first partnership (my first deal as well) with other investors this month, but did not let the possibility of making money and finally getting started get in the way of my standards...Communicat...
David F.
New Modular Construction
I'm considering a new multifamily modular construction in Southern California. I'm just curious to know, with so much of the construction phase being performed off-site for prefabs as opposed to stick-built propertie...
Tracey Williams
Buying directly from the Bank
Hi friends,
I went out to look at a property today. An officer of the local bank that owns it came to show it to me. He inform me that if I have to bring in my agent I will have to come up on my offer. I like the pro...
Melissa Villegas
URGENT: Tenant wants out of lease, threating lawsuit
Hello BP friends,I'm in a pickle. The tenant wants out of their lease at no cost to them. They said they are afraid of mold from water seepage and are threatening to sue if I don't oblige. What would you do?Background...
Michael Wolffs
Value and expenses of in unit laundry
I'm renovating a triplex. In the process of interviewing contractors, one of them brought up the idea of putting laundry machines in the units. The alternatives are putting pay machines in the basement, or not pr...
Matthew Jure
Estimated Costs Lakewood Ohio
Hi BP community! I am ready to buy a double+ in Lakewood Ohio, but it seems that out of pocket ROI seems low (~5-6%) and I am curious what others are estimating as expenses. The houses are all about 100 years old so I...
Ron Nawrocki
City Of Glendale AZ says tenants not allowed to turn on utilities
The city of Glendale, Arizona is implementing a policy that forces landlords to turn on water, sewer and trash collection services for tenants. This raises the risk of owning property in that city ... which will likel...