Hi All-I'm about to conduct my first rent increase and I'm looking for suggestions on how to create a letter that is polite, yet accomplishes the task. The tenants are good people but I want to stay reasonably close ...
I had a leak several months ago, the window cap blew off and I repaired and fixed it. Now I get a called about 1 week ago and there is a massive leak from somewhere. Either from the other window, or from the tenants...
I am buying a duplex and inheriting a tenant that has been there for 4 years, a single mom. It seems she is usually late with rent payments but catches up within few months. She is otherwise good tenant and keep her u...
Hello BP world,One of my tenants ask to pay her rent late because of a death in her family. How can I sympathize with her and also be stern about paying on time. How should I say it without coming off inconsiderate? P...
I have been receiving a lot of interest in some of my rental mobile homes from Hispanic people that have recently moved to the U.S. from various Latin American countries (Central America and Mexico mostly). Most of t...
For example, I have a property we are renting that we need to refi. I found a lender who can help us. We are going into underwriting. FTW! Just curious what your small wins are.
In February of 2022 we purchased a newly renovated 3 unit building in the South Austin neighborhood of Chicago. The price was 500k and we used a DSCR loan for the purchase.
We listed the top 2 (3x1) units for $1800 ...
In 2023, I invested in some Norada Capital Management 7 year Promissory Notes and last week less than one year after signing the last note, I receive a "form" email addressed to "Valued Investor", dated June 20th, 202...
For anyone looking to buy their first piece of real estate, STOP (unless it is a four-plex with an FHA loan). I did this 2 years ago and it was the best financial move I have ever made. If you start buying other prope...