I am currently purchasing a property that has a Freddie Mac loan assumption available with 4.82% rate, 9 years remaining and 30 years amortization. The income and LTV can cover another 2nd loan as well. I am wondering...
My tenant asked for additional insulation and gave an estimate of $225.00. The tenant has been there 4 years and we purchased the house 2 months ago. So far he's making payments on time. How would you handle his reque...
Hi guys,When one tenant is accusing other(s) of being noisy, what is your process to resolving the problem? What documents or texts do you use as follow up?Thanks
I have acquired previous rentals during summer months when they rent easily. I just purchased a property (end of March) and rental season is slow. I'm wondering if I should start with a 3 month lease so I don't enco...
Hi, I have a question about evictions. How long do apartment complexes wait after rent is due before filing for eviction? What if the tenant comes to them with a valid explanation, such as an unexpected car repair, et...
Hi all,
Wondering what is an appropriate way to handle tenants during construction. I am hitting the 3rd floor and have tenants on the 1st and 2nd floor. I had planned on giving $100 off the rent but after 2 days of d...
If you're sitting next to someone annoying....
1. Quietly and calmly open your laptop case.
2. Remove your laptop.
3. Start it up.
4. Make sure the guy annoying you can see the screen.
5. Close your eyes, tilt your he...
How are two tax years treated with a 1031 exchange? You acquire in 2006 but your holding period of 180 days ends in 2007. Is the same IRS Form filed out in the first year with partial information and completed in t...
I have a house under contract to close Sept 27th. Suddenly the seller will not answer phone calls or emails. I am already out $70 for a dye test, mandatory here. I also paid $100 for an occupancy inspection to be done...
Good Morning All,
I had a real estate agent send in a worksheet from my website yesterday about a property that she has had trouble selling that's been listed for 5 months. I'm going to go see the property this evenin...