Carly M.
Title Co. Removed Rents and deposits on seller request.
Hello!
I just purchased a property and after closing the title company said they removed the rents for the upcoming month of November (Closed on Nov. 5) at the seller's request. The seller, whom I know, said their 10...
Jennifer Donley
A Week in the Life ...
I saw a post last week where someone lamented how many success stories and how few horror stories get posted on here. So I thought I'd start one to give a little potpourri of what I experienced in the last week in my...
JJ Bliss
Milwaukee Property Manager Fired and is not Transferring Tenant Security Deposits
Good afternoon,Anyone know what legal action I can take in Milwaukee, WI as I fired my property manager and he is not Transferring our tenant's security deposits either back to us or to our new property managers? Is ...
Freeman Schultz
Questions about insurance claims and tenant liability
I had a discussion with a colleague about a tenant who damaged their apartment. Tenant flooded a unit, which caused damage to the unit below. Insurance is called in. Does inspection and the estimate is higher than the...
Paul Kuhn
Former Property Manager not releasing tenants security deposits
Wondering how I should proceed in my situation. I had a falling out with my former property manager when I asked them to do a kitchen remodel, when that remodel was partway done, the incompetence of the remodel showed...
Elliot Tan
Rules for receiving funds for private money loans
Hi everybody! My partners and I are starting a REI company. We will be flipping and purchasing rental units. Goal is to slowly scale into medium-sized multi-family apartments. Our strategy for funding is to find pri...
Beenna Han
Seller refusing to give prorated rent and tenant security deposit
So I purchased a multi family unit that has an existing tenant in Maryland. I closed the purchase deal on late May, and soon after the closing I realized that the settlement did not include prorated rent (around $300)...
Damon Albers
owned a property with a tenant for five days before they vacated
Hello All, I purchased a property from a turnkey company that was acting as the realtor from a home they had rehabbed, sold and managed for the previous owner. I took ownership on the property 9-29-2021 with the curre...
Sean O'Gorman
Security Deposits and prorated rent on a Short Sale
Hi All,I am set to close on a duplex in Milwaukee and I am running into an issue with securing a credit at closing for the security deposits and prorated rent on the property. The real estate contract says that the se...
Kevin Wattenbarger
Property Management Bookkeeping
Hello BP:
I am in the process of trying to streamline my book keeping process from my real estate investments. Thankfully my real estate investments have prospered over the past few years. I currently have 25 units a...