Ayodeji Kuponiyi
Property Management Won’t to Fix Central Air
Can I deduct the cost of buying air conditioners and fans from rent if my landlord doesn't want to fix our central AC/heat unit?
The 12-month lease started May 2018. The AC/central air does not work. It turns out the...
Matthew Doyle
Security Deposit with Inherited Tenant
Hi all,
I'm in the process of turning over my first rental unit. I am househacking a duplex which came with a tenant in place. The tenant has since left, but was not the easiest to deal with over the past year. Upon...
James Jordan
loan to a relative .
hi all my first post have been looking a while to , so much to learn here and i am looking for some help , here goes stupid really but i lent $110,000 to a relative who is an active realator for six months at 5% that ...
Alvin Grier
How Do I Find My Own Probate Leads in this County?
I went to the Probate Court in Detroit a few days ago to take a stab at grabbing my own probate leads for Wayne County, Michigan.Unlike some of the adjacent counties, that have a book of all of the probate case filing...
Tom Brennan
Foreclosure without bankruptcy?
I have a friend, going through a divorce, and wants to sell the house because it is underwater, with a mortgage and second mortgage that are approximately $50,000 less than current market value, plus about $20,000 nee...
Account Closed
Help! Tenant suing 4 Million for negligence
I have a tenant who is suing myself and my property manager for claims of negligence and inhabitability. She has played a clever game of never asking us directly for repairs, bringing in code enforcement to cite me an...
Rob K.
Foreclosed for less than what was owed
I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...
Michael Galloway
Equity Stripping, a simple effective way to Protect Assets?
Hi everyone,
I have seen lots of posts about LLCs, and other disregarded entities for asset protection, in addition posts on Insurance policies etc. But how about NOTES for protection?
If the corporate veil is pie...
Kevin Reilly
When and why to put my rental in an LLC
Greetings,
I am new to investing and currently have had my first rental property for almost two years now. It was my wife's house prior to our marriage and instead of selling we decided to rent the property out. We ...
Dom Palladino
Property Management Question
I am interested in creating a small property management company. I currently have my New Jersey Real Estate Sales License, but not my brokers. NJ law states that to own this type of company one must obtain a brokers l...