RJ Emmett
Renter buys his own property, then fails to pay last month advice
Hey all,I have long time renters who except for a few months during the initial covid shut down here in Oregon; paid on time. They purchased their first home back in August and moved out in September. Their lease wa...
Shawn Underwood
To rent or not to rent???
A little unsure about the situation that I’m in. A 3 bedroom rental that I have has been listed with not that many showings (historically I never had problems but rental saturation and getting closer to year end makes...
Michael Anderson
Do we need to update existing leaseto an LLC if we move rental property to an LLC?
Hello, I have my rental property lease agreement with my name as a landlord. Now, I want to open an LLC and move the title to that LLC. My question is, do I need to update my name to LLc in the rental agreement and in...
Robert Sprague
Llc vs umbrella policy
Hello just looking for advice on purchasing my first Sfh rental investment property with regards to setting up an LLC or getting an umbrella policy and making sure the property is maintained. Seems llc triggers a comm...
Erik Stern
Chargebacks on a TX rental with Property Manager
Hi BP community! I need some help. I own a rental in TX and my property manager informed me that there were charge backs for payments between 4-6 months ago and are taking the funds out of my account. According to ...
Peter Petwr
Blanket loan for 9 rentals? Or Private money?
I was looking for a first investment and as I was looking around I came across 9 houses that are cash flowing Gross 1.7-2% of their value
They seem to have strong rental histories but I'll be doing due diligence late...
Sean Butterfield
Taking over landlord's business
Our ex landlord has proposed to us the sale of his 40-plus rental properties as he is in declining health, and as he put it, he's just tired of it. The bulk of his properties are single family homes, with a few du/tri...
John Backus
Under water on house- Is forclosure an option?
Hello, I'm looking for some advise on what to do. In 2006 my wife and I purchased our first home in Lansing, MI. Honestly, I believe we overpaid unfortunately, and it cost us $107,000. We had an FHA loan with no down ...
Nick Vehr
Tenant never moved in do I keep the deposit?
Just wanted some insight on this. My tenenant became very needy, and began requesting weird things, (all new windows on house, deposit back, discount on first months rent) because the house was "Unlivable" with screen...
Hui Wang
Property Manager Misconduct
I have hired a licensed property manager for several months to help me manage condominium unit in San Diego, California. However, I must say that the performance of this account has been far from satisfactory, and has...