Karen Young
Tenants' check bounced. Property mgr mishandling?
Tenants' check was returned for NSFs. Property manager said they turned in paperwork to officials that if tenant didn't make the check good within so many days she would be arrested!In all my reading on BP and numerou...
Barney Davis
What’s the point in a lease?
I have a tenant that signed a two year lease and is wanting out after the first year due to a pregnant wife. I discounted the rent from $1400 to $1350 if they signed a two year lease. I have a $1350 deposit. This happ...
David Yuhaz
tenants always late--do we renew lease or not
One of our rental properties is free and clear, and the tenants have been in the home approximately 3 years. This property is being taken care of through a property management company. This past year, the tenants ha...
Andrew B.
Help with offer. Does it make sense?
Hi all. Just getting started looking for my first deal. I've done some hard money lending in the past and been perusing the market for a flip or rental.I just found a posting on a WF foreclosure auction and I need a l...
Cameron Andrews
LLC Annual Report Fees
Hello! Is anyone aware of alternatives to paying LLC annual report fees? There's a hefty $300 minimum per LLC in Tennessee. This will become more important with numerous LLCs.I know this is a question for a CPA and/or...
Joe Budelis
New Member in Princeton, NJ
Hi! My name is Joe Budelis and I'm a long time holder of residential rental properties. Currently, I hold rentals in Asbury Park and Blawenburg.Shortly, I'm having a sheriff remove a tenant for non-payment of rent. I'...
Letitia Harris
Cash for keys, is it always necessary?
Hi all, I just bought a house in pre-foreclosure. My first time buying one this way. I gave the ex owners until the 15th to move. The foreclosure date was the 7th, and they asked for a little more time to find...
Westin Hudnall
Need organizational advice on managing hour paid project manager and crew
morning everyone !I'm starting a new project where I have hired a project manager with the agreed terms:A 4 man crew with one being the project manager will be there at all times ($70/hr for the 4 man crew).My goal is...
Zee Ayezain
Unauthorized Pet - What should I do?
Hi BP Community,
I have a tenant that currently has a cat that is allowed per the lease for a one time non refundable fee and monthly pet rent. They asked about getting an additional pet which I allowed for an add...
Arnie Guida
Seller, "We Don't Have The Security Deposits."
I have an accepted offer on a 4plex, it's a short sale. In the offer it states that I get the security deposits for all rented apartments. The building is full, and it's $2,525.
I don't know, the seller...