Vickie Bruce
Property split with sister is causing problems
My sister and I have 20 acres in Poolville, TX. The property was bought by my parents in the 80's and put in our names then. I have since had a home built on the 20 acres next to my parents house and have lived ther...
Gloria Sheridan
Filing Quitclaim Deed Causing Call of Loan?
I just refinanced a multi-family property today and had to quitclaim deed it back from my LLC to my person in order to complete the refi transaction. No problem. Now that the loan is in place, I intend to quitclaim de...
Aundrea Newbern
Disabled tenant causing damages that require repair
I have a tenant that is a very large man and disabled. He requires use of a walker and cannot support himself without holding onto something or use of the walker. When he first moved in I allowed him to install grab b...
Allan Smith
Getting a subtenant out without just cause
I want my roommate out and his name is not on the lease which is monthly. I already gave him 30 day notice but he is refusing to move out. Can I get him out without just cause?
Shawn M Hannan
Interior damage caused by faulty roof installation
Hello All,I'm wondering to whom I should turn for guidance in the following scenario. I had a roofer do a tear-off and new roof installation of a flat roof on a 3-story townhome in Chicago last summer. As far as we ...
Steve Boianelli
Major plumbing issue caused by tenant misuse
A tenant of mine caused a major plumbing issue after admitting to pouring cooking grease down the drain over the past 4 months of residency. Needless to say my plumbers tried a number of different methods to unclog th...
Brent Farris
Stray bullet causes damage to rental property!!
Thank goodness no one was hurt! But now who fixes the damage caused by the stray bullet? My HOA, my insurance (which I'm sure there is no such thing as stray bullet coverage) or a home warranty. I've looked at my CC&a...
Eric H.
Cash and check gifts cause financing problems?
I just got married and have a couple grand worth of cash and a couple checks from people as wedding gifts.
I would like to get financing within the next 6 months or so for a rental property and was wondering if these...
Benjamin Amaral
Consecutive Storms Cause Damage to Tenants Car
I recently posted about a significant wind storm in October causing damage to one my tenants car (windshield and body) when branches from the tree in my driveway fell onto their SUV. This was a significant wind storm,...
Marv Edelstein
Does refi in an IRA cause UBIT
Purchasing a rental property with financing in an IRA creates a UBIT (Unrelated Business Income Tax) liability. However, If the IRA purchases the property with cash, then borrows to rehab, and then holds as a rental f...