Ron Jones
Need some advise on a wrap
I'm looking at an investment property in NC. I know the seller. It's a 3/3 house with a 2/1.5 garage apartment. The seller would like to move into the garage apartment and rent it from me and my brother would like to ...
Rich Dunne
Multiple Tenants SFH Question
5 friends and myself are planning on renting a house together in the coming months. My question is how does a landlord typically handle this situation? Multiple names on the lease or just one? What if one of the ro...
Account Closed
Frequent Guest as Co-Tenant?
I just read "NOLO Every Landlord's Legal guide".I'm confused with this scenario:Let's say the Property is located in a very desirable location in California, very easy to find tenants.Tenant [T] : has 750 credit score...
Leona N.
Overdue rent collection
What is protocol for charging and collecting overdue rent? The lease states 2% interest. I'm not sure if I wait until it's paid and then send a bill for the actual interest amount? Or should I send a letter first? ...
Alex Silang
If using a management company, what work do you still have to do?
1) Taxes - Uncle Sam needs to be paid
2) Cashing rental checks? How does that work, can you have the management company collect checks?
3) Keeping the management company honest, and switching if need be...
Brian Frank
Self Storage Commercial Projects in Right Place & Time (Texas)
I am currently into Self Storage projects in Texas, Florida, Georgia and other places. This market is growing in demand because of the high level of migrations but there is a new paradigm forming from covid / coronavi...
Clifton Ho
Tree Damage to Tenant
Hi Guys,I have a rental property in Kansas City, MO and a tree branch on my property has fallen and damaged my tenant's car that was parked in the drive way. He is asking for my insurance or me to cover the damages. H...
Frank Jennings
Offer contingency broken
I recently put a 9-unit apartment building under contract. It was 100% occupied. Two of the 9 units had a lease, but the other 7 didn't and were month to month. I put a contigency in the offer that all the apartments ...
Stepheni Larson
Rent by the room Indiana
Hello BP!I am interested in buying a 185k 2019 new house in a B+ area, it has 4 beds 2.5 bath, I am considering renting it by the room for 600+ per room. As this area has lots of new grads got decent jobs with 60k+ in...
Jonathan M.
I am buying a Property under an LLC, Do I use the LLC for Leases?
Hey everyone,I am buying a 6 unit property under an LLC, when I write up leases do I sign them all under my LLC name? Also do I need to start separate bank accounts under my LLC name and keep everything separate from ...