Paul M.
Legal reasons to not give reason for rent increase
Are there legal reasons not to give a reason for raising rent? I can understand why there might be tenant relationship or business reasons why to do so not do so, but that is not what I'm talking about. I often he...
Cole Farrell
Where to put your money - Loan or Cash
Is it better to take positive cashflow and pay down the mortgage (in effort to eliminate) or save the money for a potential next deal?
Sean Skiver
How to help currrent tenants when you puchase a property, and the new rent is to high
Buying units where I am is often owned by older landlords that have left the rent very low. To create cashflow after rehab the rent is increased to market price and that tenant is unable to afford new rent.
I know i...
Jerry Hodges
Multiplex Comps? ARV?
I’ve recently come across a potential fix and flipper or fix and hold apartment complex. How do I go about calculating comps on a multiplex? How do I determine the ARV? According to cad they are multiple sizes and the...
John Adamkewitz
Can an insurance agent raise rates or commisions on pre-existing property insurance?
Hey BP,
How much control does a St ate f arm Agent have in rate increases, on property insurance? Can they raise their commissions on exisisting policys?
Thanks, John
Jay Y.
Property manager charging tenants a lease renewal fee
Hello all,So I found out my property manager is charging my tenants a $200 lease renewal fee for renewing a year long lease. They are charging me $150 which I'm fine with but it did kind of catch me off guard that th...
Jane H.
How to Direct Tenant Who Runs a Daycare
We have a good Tenant who has been operating a daycare, prior to Covid, she had 6 children allowed in the Lease. (State licensed her for 8, but she did not notify us ahead of time about her business). We need to re-wr...
Rajheim Hunt
Inherited tenants with under market rents. Prop manager questions
I purchased a duplex in Ohio, and inherited the tenants. One tenant is an 11 year tenant, and the other is a 5 year tenant. Current rents are set at $600 and $625. Market rent is about $700. I have a property mana...
Kurt Isaac
Increasing Rent to market value in non rent controlled 3 fam.
My wife and I manage a 3 family in which 2 apts. were updated by us and we have quality tenants in the new apts.
A third apt. is still rented to a left over tenant from when my wife’s mother owned the house. The rent...
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...