Elena Pech
What are the rules of funds redemption after foreclosure auction?
I found an attractive multifamily property going for foreclosure.
Property assessment price is around 1M. Unpaid mortgage on this house is about 500K.
In one of the adds about the upcoming auction I found a note:
...
Jeff Rabinowitz
If sewers are installed must the owner pay the charge upon sale if they do not connect?
I have a rental property that is on a section of road where the city sewer is not connected. There are 5 parcels on this section. All have septic fields and, to my knowledge, all the fields function well--the field at...
Troy Zsofka
Contractors vs. Employees
I've noticed from reading posts and listening to the podcast that a lot of investors these days seem to be using contractors for their rehabs. I understand that high-volume fix and flip investors might be better off d...
Sean Comp
CO inspection problem
I am trying to get CO for my first rental property. The CO inspector told me ”that he was being more harsh cause it’s a rental property and they don’t want tenant calling them complaining about things” he proceeded to...
Oscar Beteta
When are Sprinklers Required in 1-4 Unit Multis?
Hi everyone!I just purchased a four unit property in the Mt. Airy neighborhood of Philadelphia. The house is currently laid out as a quad (with all separate utilities) and the previous owner had obtained a variance ap...
Mark Smith
How would you deal with a resident who is a hoarder
I'm not asking for advice, I know what to do but thought this would be an interesting real world situation to discuss.
Today at our one of our mobile home parks my manager was collecting resident info we didn't have ...
Brian Mitchell
Notice to Quit based on the Smell of Smoking?
Hello BP,I have a tenant that swears she’s not smoking Pot in her unit. But, the last two times I’ve been in she’s said it’s a bag of marijuana I smell coupled with a few other marijuana non-smoking products. Maine ...
Ryan M.
Renter Refuses To Pay Late Fee, But Pays Rent
Hypothetical Question.You have a renter and they are late with a payment. You charge them a late fee, but the next month, rent shows up on time but no added late fee. What do you do?Is it worth evicting someone over...
Dontrea Riser
How many grace period days do you give tenants after the first?
Open to replies/opinions from ANY market. Should tenants get a grace period? Should they be charged late fees? Share your experiences with collecting rents and making grace periods/late fees work in your favor. I have...
Jon S.
Early Lease Termination
Tenant bought a house and terminated his 9 month rental lease 4 months early. There is no early termination clause in the lease, the tenant is on the hook for the entire lease, but I am fine with an early termination...