Linda Weygant
Anatomy of an Eviction
My tenants haven't paid their rent since July. I know, I'm too soft-hearted for this business, but I'm becoming less so, trust me. After they broke their 5th (6th?) promise on Friday, I served them with a 3 day noti...
Orion Walker
Meeting with large apartment owner looking to sell, what should I do?
I happened to run across a message from someone looking to sell a near 50 unit apartment complex in my town off mls. We spoke briefly on the phone and he said that he would prefer to meet in person, so we scheduled to...
Nathan Gesner
When is it OK to talk about money?
In 2005 my oldest brother asked me how my house sale was going. I mentioned it went under contract in three days and we were making $125,000 profit. I was in the military and would be considered lower middle-income at...
Robert Hanson
Rookie needs advice for tenant screening in C class neighborhood.
Hello BP,
This is a hit to my pride to post, but I need advice. I completed my first rehab to rent in July of last year. It is a quadplex and all units were rented until recently. I just had my first eviction and,...
James Green
Tenant lied on application
I have a new tenant that's been in our unit for a month. On her application she stated that she had no dog. We recently found out that she has a dog. On our application any pets have to be approved and that there is ...
Julian Pilate-Hutcherson
What is your technique in reaching out to new realtors?
When entering a new market, what is your most reliable technique when reaching out to work with new realtors and why? I have been using Zillow's Find an Agent tool and the basic Google search but only about 40% of tho...
Bryan Hancock
Designing Around Restrictive Covenant Risk When Purchasing Land
We have a purchase contract for a lot in Austin that we're planning to build a duplex on. We recently received a title commitment and Schedule B shows an exception for some restrictive covenants from 1948. These wer...
Shawn Connors
My First Business Plan
Hey BP,I have completely the first draft of my business plan. I know over time it will grow and expand, but for now this is it, tell me what you think!!!Business Plan for SKB Real Estate Solutions, LLC(Created on 7-2...
Ollisha Jones
Earnest money dilemma
I went to do a bid for a deal , cash deal, and the realtor ask for ernest funds to secure deal ...how can I go around ernest money without ruining my chances of defaulting on deal??? Help??
Mark Douglas
Need help wording a seller-financing proposal
First go at offering a seller financing deal, and I'm a little unsure if I'm wording the offer correctly. Here are the numbers:4plex for $156k- I'm offering to pay ALL of the buyer's/seller's closing costs, and pay b...