Zack Ellard
Have $40k and ready to start investing
Hey guys. My wife and I are about to sell the house I owned before we got married (we currently live in hers) and we will have about $40K to work with to begin our investing career. We do have about $14K credit card d...
Tamera Jackson
Property Management - how many of you outsource?
Just getting started and wondering how many of you manage your properties yourself versus outsourcing? I’m for sure leaning towards outsourcing as the appeal of getting a call at 3AM for a clogged toilet is near zero....
Travis Steinemann
WARNING: DO NOT TRUST ZILLOW BACKGROUND CHECKS
Hello all, I was going to review Zillow on Google, but I guess they are too big to need reviews. I have 12 units and have been using Zillow for applications and screening, and everything was going OK until recently. I...
Cenddie Alaban
Our family friend has $150,000 in cash but cannot buy a house.
I was stunned when our family friend told me that she would contribute $100 K in cash towards my purchase of a $250,000 Duplex at Tinley Park, Il. I already made an offer on this Duplex and waiting for the Seller's ba...
Joe Delia
Got this regarding a Tenant who skipped town to Texas, any advice?
Joe,
Bad news – Texas has a law that I was not aware of that prohibits wage garnishments. Please see the attached.
I’ve done a little research, and this seems to be a bad law, or at least a bad interpr...
Sam Green
Getting a loan for an LLC and building corporate credit
If I were to open up an LLC for the purpose of buying property, how would I get a loan? Are there lenders that deal exclusively with LLCs?
Cooper B.
Tenant screening with SmartMove, good credit score but bad debt?
I don't have much experience with tenant screening but I came across something today that I can't figure out.I pulled a credit report from TransUnion / SmartMove on a potential tenant. They recommend that I accept th...
Karen Johnson
Tenant Late on Rent - Is this the right course of action?
Hello,I have a tenant who is consistently late on rent payments, but usually pays before the 5 day grace period expires (after one or more reminders from me). This month, she has yet to pay the rent. After multiple re...
Jen Harwood
Have prior landlord references been helpful in tenant screening?
Hi all,I've thus far been fairly lucky with tenants in my two SFH rentals, but did have one bad experience. We had checked with our tenant's last landlord, and while she did not lavish her with praise, she didn't say ...
Lumi Ispas
Can a Security Deposit Be Used For Unpaid Rent in Chicago?
Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...