Dominic Scatto
Training Tenant/Constant Late Rent Payments
Hello Fellow BP'ers!So, I've been renting to the same tenants going on 3 years! Exciting, yes. Everything has been fairly uneventful with them - except for having to replace the whole HVAC system the first summer they...
Bryan Mitchell
To Keep a Tenant of Not, That’s the Question
This tenant has been late 4-5 times this year. They moved-in 2018. This landlord wants to raise rent to be closer to market rents by another $50. Small increase to most but probably not this one. Keep or not? Why?
Justin Ford
Lease wording for discount for on time payments
Can someone help me with some legal wording for our lease regarding discount for on time payments. We are charging no late fees, but if they are on time, giving a discount. We are upping the rent by $50 and then givin...
Julie Marquez
Am I a Shady Landlady?
All of our rental agreements are month to month. To incentivize people to stay longer, we charge a move in fee that can be added forwards the refundable deposit if they stay over a year. Example: rent is $1000, move i...
Markus March
Late Fee Pricing
I have a rental property in Mississippi an I charge $50 dollars late fee with an additional $10 dollars late fee every day after the 5th of each month. My question is what is a good price to charge for late fee an wha...
Account Closed
Southern California home sales crash - Corelogic
Southern California home sales crash - Corelogic (Nothing to see here, move along) ;-)Are we at the tipping Point . . . ????"Southern California home sales hit the brakes in June, falling to the lowest reading for th...
Jestin Sorenson
prospective tenants with high debt to income ratios
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...
Jeff Trevarthen
Emerging Markets for SFR purchases?
Hello BP,I'm looking for emerging markets for single family homes which can be purchased for $100,000 or less. The properties should cash flow (even just a little) when purchased with 20% down. The locations should...
J. Wang
Tenant paying late, but not later than 5 days
Hi fellow landlords,Today I had a situation with one of my tenants in NC. This tenant has been paying rent always on the 5th, although the lease agreement says the rent should be paid on the 1st of every month. She pa...
Adam Widder
Where to store rental reserves?
We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...