Jason Clough
Converting Primary Residence to Rental Property
My wife and I bought a single family primary residence two years ago and are finally ready to convert it to a rental property. Besides the basics of a lease and collecting rent, what do I need to be aware of? Are the...
Edita D.
Inheriting a tenant: do we need to sign a NEW LEASE?
Hey guys!
We just purchased a single-family home that has a tenant in it who would like to stay for another 6 months until his house gets built. There is a lease in place, with a security and pet deposit that...
George Frye
Analyzing Deals
I was recently presented the opportunity to purchase a commercial retail store which is occupied by a big box store. The lease is in year 5 of a 20 year lease with rental increase of 10% every 3 years of the lease. I ...
Minna Reid
What have you found to be the most effective FSBO strategy?
I own a condo that I'm currently evicting the deadbeat tenants from. the place is a loser and I dont want to keep it. Problem is I dont have a whole lot of equity in it (about 20k, comps at 180), and if I list with a ...
Wendell De Guzman
Do you hate it when you have to chase your rent from your tenants?
Here's a "Hack" I use so I don't have to chase my tenants for their rent checks:http://www.biggerpockets.com/blogs/4240/blog_posts...What other techniques do you - landlords, use so you don't chase your tenants for th...
Nick Miller
What do you do to minimize tenant turnover?
When buying a property I always calculate 10-15% for delinquency and vacancies. With my portfolio this is a conservative average however I have a fourplex with small one bedroom units that seems to take a long tim...
Steve Graves
Vivint Solar on Multi Unit property - 4plex
Talking with Vivint solar right now about installing solar for all of my 4plex units. Talked to my insurance company and they don't seem too confident with me doing this. They have concerns about who takes care of any...
Andraise Scott
First months rent $1. Have you tried this?
i've heard a lot of stories about tenants trashing units when they leave and the costly repairs to get them ready for the next tenant. Thought: how about charging one dollar for the first months rent but adding to...
Andrew Schlessinger
Salt Lake Area Investing
Hello BP Friends!I'm a small investor in Baltimore, Md (4 rentals and counting!) and have a friend who is looking to invest in the Salt Lake City area, so I wanted to get a pulse for the rental market. He's not sure ...
Nick Patel
how to sell REO property
Dear BP members,Recently we took back Vacant property (Deed In Lieu). Now we own this property and want to sell. 1. We have inspected inside and noticed lots of trash left by the previous owner. Should we clean out fi...