I have a tenant who is a real thorn in my side. I inherited him. He is always late. Doesn't drive because he couldn't afford to keep his shit box on the road. He owes the utility company money. He lost his job last mo...
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Like many here I'm new and need to get my thoughts done and see what people make of my situation.I lost my father last January (2016) and I have inherited 3 multi-family buildings. These buildings are in very low inco...
Hello Everyone.I've been following forums and watching webinars - learning a ton from you all - thank you! Well, it's mid-November, and I did it! I pulled the trigger and purchased my 1st, 1968 SFH needing some updati...
I currently own two rental properties and usually collected rent on a contact basis. Each time the tenet would call and say I have the rent when ever you ready to pick it up.
Now, on the Lakewood property this has b...
It's been a while since I have posted, as like you, I have been busy. I wanted to get some of your thoughts on the recent changes that VRBO / Homeaway have made, which forces property owners to use their online bookin...
I have decided to open a self-directed IRA to invest in rental property. I was wondering if anyone could recommend an IRA custodian that I could use. I'd like one that is easy to work with and has reasonable fees...
Hello everyone I’m currently UC on a property out of state and contemplating on managing it myself and finding my own tenants. I know this will be difficult at the start but need to start somewhere. Does anyone have a...
We recently bought a 5 unit property in an older historic area that is seeing some growth. We got a good deal and the rents have been kept artificially low which allows plenty room for more cash flow. Only problem is ...