The unit above mine sprung a major leak under the kitchen sink destroying my property. $20k in damages. He has an LLC but failed to maintain property insurance. During my investigation found that his plumber who 'fixe...
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I'm about to go under contract on a property that has a lot of junk in the yard - car, 20ft boat, 2 refrigerators... you get the picture. Any suggestions as to ways to deal with this situation? The contract says t...
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Hello all. I am looking to get into my first investment. Currently, I am exploring the possibility of partnering with my brother on the purchase of a duplex. The tentative plan is for the duplex to be in his name w...
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Hey all, I have a situation where I stopped managing a property (mutual agreement between owner and I) and the new PM company is having tenants contact me 30 days after I stopped managing the property. I provided all...
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How much do you guys spend on a used washer and dryer set? Has to be front loaders due to limited space. I've been shopping all the local used sites like Craigslist and haven't really came across much that don't look ...
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Recap: after 3 months of trial and error, on the 4th-month calls started coming in. Sending out 700-800 yellow letters a month. First mail I got a rate of 2-4% response (working on absentee owners). A week and a half ...
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Hello. I am a 22 year old recent college graduate in STEM, who will be making a strong salary for my area (Rural Midwest). I would like to purchase a house near my new job that has potential to be turned as a long-ter...
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Hi all! I just closed on my first rental property and was wondering what everyone’s practices, thoughts, and/or experiences were with pest control and termite protection. I was informed that they’re not necessary; how...
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Another LLC question on registered agents. Sorry if these are minute details (they feel big to me, but perhaps they're not).
Scenario: I set up an LLC in one state (in this case, DC) and then qualify it as a fore...
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Hey yall-- Can someone offer advice on a relatively non-responsive property manager (when it comes to problems like my current one) and now a month to month tenant who missed rent last month? The property manager rea...