I'm thinking about submitting an offer on a property, where the selling agent is also the property manager. They said the tenants pay on time every month, and they have never had any issues. If we open escrow, what do...
Good morning! I am looking at investing in a 4-plex (1st rental property) and am coming up with a list of questions prior to a walk through of the property, so far I've got: rent roll, current documentation for taxes ...
Hey! Are there best practices when buying a property with existing tenants to make sure the owner & tenant get started off on the right foot? I'm curious about your past experiences meeting with pre-existing tenan...
What does everybody do on tenants that insist on using the security deposit for the last months rent of the lease?I have some tenants that are moving out of state, and while I am happy for them. They are moving out on...
A previous tenant who left two years ago just reached out to me and said he had lost the check I sent him 2 years ago and just now found it and tried to deposit it. Obviously it didn’t cash, now he want me to write hi...
Hi, I'm closing on a property of which the Seller will become by tenant. Our closing is scheduled for 2pm on Monday. Keeping insurance and ownership in mind, what is the correct day to start the lease?Thank you for th...
I am a CPA and was just working with a client who sold her mobile home park. Come to find out her security deposit listing was wrong.Tip: Very important when purchasing a property with more than 1 unit to verify the s...
I live in Tempe (Phoenix) and my primary residence has a pool. I'm looking to move and to convert my current residence to a long-term rental, and I'm trying to figure out how to deal with the pool. I've read various p...
Hi all. Thinking about purchasing a large 4BR single family home near a university. I was told by the realtor that 750-800 per bedroom per month is the prior and expected rent. How are summer months handled with stude...
Would you close with a $63k lien on a $15k property in the Atlanta metro area? We are under contract to buy the vacant property for $15,000. It has an existing lien of $63,000, and the title is still under review wit...