Al Palomo
I've used personal funds for LLC bills
Hello all. I'm a new investor and currently have 2 rentals (1 vacant and only recently renovated). For the rented property, during the pandemic, I muddied the waters and used my personal funds to pay for renovation,...
Christopher Munn
Seller Failed to Disclose
Just recently took over a building. 22 units bought from a local owner. The inspections were done in November but because of the holidays, the financing period was extended due to the banks needing extra time to close...
Ross Sumner
What you are looking for in a property management company
I am beginning the process of starting a property management company in Richmond, VA. I have rented from a handful of property management companies during my time in Richmond and I had a poor experience with all of th...
Sendil Thangavelu
Tenant Eviction case--Ocala, FL
Hi folks, A tenant moved into my brand new house and defaulted on two months rent within 3 months of moving in. After multiple promises of catching up on rent, they are now 3 months behind. Because they have 3 childre...
Emanuel Rawlings
Middle Unit Row House Property
Hello, I am closing on a row house I purchased and I saw the deed for the first time yesterday. The property is the middle unit of a 3 unit structure. I am purchasing the unit in the middle but the 2 other units are o...
Mike H.
Landlords responsibles for Window Cleaning?
All,I have a "stupid" question... does landloard respondsible for window cleaning? I have a new tenant move in, I have taken care all the misc. small repair items, and not sure how to respond to a "all windows need t...
Mark Douglas
Systems!
I keep hearing about the importance of having defined processes/procedures/methods in place for XYZ in your real estate business. I've only got two units so far, and I'd love to hear from you all about what's worked/...
Nicholas Lilly
Foreclosure Due Diligence
Purchasing properties at foreclosure sales can be an opportunity for investors. Some of these properties are offered at a fraction of the market value which is one of the reasons investors are incentivized to buy. Bef...
Justin Siddall
PM Companies: 5 Things You've Loved & 5 Things To Do Better
Hello BP Nation,I am establishing a PM company to manage my future portfolio. As a renter for years in the military, I've worked with some good and lots of terrible PM companies (the barrier to entry is very very low....
Kristyn Grimes
Cracked Pier and Beam
Anyone have an idea what it takes or the cost to repair a cracked pier on a pier and beam foundation? I found an amazeballs deal and I know that it's scaring away a ton of other investors. I found it on Roofstock and ...