Ian Carlin
Seller didn't disclose all leases, but need to move in per loan
I just purchases a 4-Plex in King county,WA on the 13th of this month with a VA owner occupied 0% down home loan. However, when I gave the eviction notice so I can move in per the loan terms, I found that all the tena...
Cynthia Oistad
As new owners, how to raise rent for a long-term tenant?
We are purchasing a 2BR/2BA single family rental in Las Vegas from my family. The current tenant has lived in the house for about 7 years now and have been on a month-to-month agreement since 2012. My family has inc...
Account Closed
What type of Questions Should I ask for a 10 unit complex
The property in question, is listed for $350,000 and is generating an annual income of $62,160 with annual expenses at $34,350 which $6,000 of that is for property management. The property has been completely updated ...
Austin Berlick
Tenant turnover in househack
Hi BP Community -I'm struggling with tenant turnover. While everyone has fulfilled their leases and I've had zero vacancy in my 5 bedroom 4 bath home in North Austin, almost every tenant has departed after three month...
Sam Leon
An applicant with a unique request, wants to sign 5 year lease.
I have a unique request from an applicant for my SFR, who is an artist, and wants a five year lease.
His justification is he is an artist, wants a long term lease, to lock in the rent. He and wife, both arti...
Eddie Sorrell
Just closed on four-plex and meeting with existing tenants....
Hi All,We just closed on our first buy and hold property, a four-plex. The units are currently rented, but way under the market price. I reached out to each of the tenants, confirmed they are interested in renewing f...
Anthony Brown
Valuating property with month-to-month leases
I am currently looking at purchasing a multi-family property and learned that there are no existing leases, the owner has everyone month-to-month. I had previously valued the property based on stated NOI, have not yet...
Anna Watkins
Okaying long term guest w/o adding him to lease -- anyone have experience?
The tenant in one of my houses (so far very responsible, pays on time) wants her boyfriend to be able to live with her for a while. She volunteered the information, and he filled out a rental application, and I've ru...
Shelly Glennon
Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
Family holds a light industrial property that has been leased to the same large utility company since the 80s and has never had a commission associated with the lease. The lease was coming due and as part of renegoti...
Darrick Bowers
12 Month vs Month to Month for Class D Property
Are there any advantages to using a month-to-month lease for a Class D Property? My thought is that it would be easier to evict if things go south.