I have a tenant in an out of state property which I am self managing. She put in a maintenance request through Latchel (the RentRedi maintenance management system) for a leaky pipe in the (unfinished) basement. They r...
Think of it this way:If stabilized operations presume 5% physical vacancy, then if you could squeeze 2x the income from 5% of the units in the community, you could effectively "erase" the entire 5% vacancy.This is the...
We're looking to add property to our portfolio. I currently can no longer qualify for any conventional financing due to DTI requirements, however, my wife is NOT on the title or note of any of our holdings. Therefore,...
Hey BP,I have a situation that I haven't come across before so I figured I'd post it. One of my tenants called me yesterday and explained to me that her and her BF (both on the lease) are splitting up. She was in tear...
The buyers of our house are threatening to delay our closing time if they don't get to come in for a SECOND final walk through.Buyers—first time home buyers. Conducted inspection one day. Sewer inspection another day....
The day before the closing date (May 30th) I was told that the buyer's financing could not be approved for the FHA loan due to a judgement on his credit. I am now being told by my realtor that I can not sell the ho...
I have a property in a small neighborhood with an HOA. They announced the annual meeting with banning rentals on the agenda. I have owned this home since 2008, and lived in it from then to 2010. This is an "amature...
Hi All.
Just wanted to make a quick introduction. My name is Warren Foster and I am a retired US Army Officer, currently working and living with my wife and kids over in the Middle East. We have been here for more th...
For all you Landlords out there..
What are your thoughts on Section 8 properties?!
I had a friend that had a building with section 8 tenants and he loved the stability of the rent coming in.. but sure there is lots ...
Hi everybody! Just want to ask anybody here who has the experience with this sort of thing. We live in CA, Los Angeles county to be exact,where there is a current moratorium on evictions due to Covid. My new tenants h...