Katy Fleming
Late fees during Covid if tenant is not in distress
I have a tenant who has paid rent late a few times, and is now refusing to pay rent, stating the reason as a small repair that needs made (won't go into details, but I always keep on top of repairs). I've forgiven th...
Murali Jesudoss
Turn Over or Keep the tenant in new purchase
Hi BPers,I am closing my 4th deal early next month in Kansas City, MO. This is tenant occupied property where the tenant pays $1150 a month for last 2 years with previous owner. Lease ends by June and I am in dilemma,...
Adam Moyer
Which Lender to go with
All,I'd like some advice as I'm deciding between 2 lenders. Purchasing a $250k owner occupied duplex, 15% down, offer accepted today. I have two lenders that have offered some good rates, but this will be my first p...
Parker Larsen
Utah RE Agent Advice
Hey guys, I'm reaching out to connect with people and get advice on those who have real estate experience. My wife and I work full time, I work in sales and I've been interested in and been studying real estate for th...
Christopher M Miller
Interested in getting Real Estate License
Hi, I'm Chris and live in the San Antonio area. I currently work full time in IT, however I was thinking about starting a side-hustle and that was purchasing real estate for passive income. I will admit, I don't kno...
Andrew S.
Can you deduct these odd expenses?
I have a credit card that I use only for my rental business. I got a new card after my card was hacked and my auto pay was cancelled. I got a ~$40 late fee applied, can I deduct this? I keep a $50k HELOC that I keep ...
Leon Green
Property Management Fees: Conflict of interest?
As a property manager I'm familiar with many trends in fees/revenue generating practices that property managers charge. Some of these practices do not align the property manager and property owner's interest. For exam...
Mike Cartmell
Where to go next if option is not exercised?
I have a tenant/buyer who will not be exercising her option. I have already extended her lease once and have told her that I will not do so again after this lease expires.
She is a great tenant but my overall goal...
Adam Karr
Late fees to charge or not to charge
1) Standard late fee charge & daily fees
2) For section 8 when the Tennant pays very little of the total rent (but never actually pays) eviction time?? Or keep track and deduct from deposit
John P.
Memphis Property Management Fees
I am curious what others pay in Memphis for PM fees. I like my PM fine but feel their fees are getting nickle and dimey. Fixed percentage per month which is now 8% for having more than 10 houses; 75% of gross first m...