Erik Marshall
Purchased commercial building, legally have honor current leases?
Purchased a three unit commercial building, previous investor paid water and sewer. Leases are good until 2021. Am I obligated legally to honor those leases? Was going to charge for sewer and water.
Nik Moushon
How picky do you get with move-out inspections?
So I just did my first move-out inspection. Over all the tenants left it in good shape. Besides the obvious things that I will charge them for (like the broken kitchen cabinet door) how picky do you get on inspection ...
Nancy Curran
Wear and tear vs. not wear and tear
A tenant just moved out (a couple) after living in one of my apartments for about 4 years. Good tenants, paid rent, didn't complain much. When they left, I walked through the unit and they left it in pretty good shape...
Ann Keefe
Water Bill Back in Minnesota
Hello! I’m a newbie and in the process of purchasing a side by side duplex in the twin cities area and will be owner occupying one side. When it comes time to renew the lease I would like to shift some of the responsi...
Ross Baggay
Raising Rent In Norman Oklahoma
I am renting out a house I own in Norman Oklahoma. I currently have tenants in place with utilities included in their lease. They have been using much more electricity than I expected. My question is: am I able to rai...
Cong Vu
Rent increase due to excessive maintenance requests
Hi everyone,I have one-year lease with the tenants. Tenants moved in in February but have requested maintenance very frequently. It has cost me $4000 since they moved in.The most common issues is plumbing. They use “f...
Maggie Bonetti
Tenant Contesting Security Deposit Return
My husband and I purchased a duplex in Grand Rapids, MI in July and took over August 1. We recently had the last of the tenants move out, and after sending them a security deposit return, they have decided to contest ...
Jon Deavers
Changes to Virginia HOA and Condo Law
As an FYI - Some new changes to Virginia real estate law could have positive impact for some landlords (or potential landlords). This change goes into effect on July 1 of this year. Good news if you're thinking about ...
Chad K.
Can you use Master lease option or sandwich lease option for student housing?
After a previous post some of the individuals that took part In the conversation about some creative ways to fund properties. Two methods that stood out to me were master lease and sandwich lease option. I wanted to u...
Roc P.
One Water Main
Hello I need advice from someone of the experienced guys here regarding an apartment building with one water main going to different units.
How do you prorate the water usage to each different unit. I'm paying for t...