Hi BP Community!Long time reader and listener from afar. First time poster.I have mostly been reading/learning about buying/investing in my first property so when I have the funds, I will be well prepared. First time ...
Hi, all.A 5 year lease give a 5 year
option to extend. It states:
Landlord hereby grants to Tenant the
option to extend the term of this lease for an
additional period of five yea...
I'm working with a client in California that owns a mobile home and pays $1,300 in monthly rent. After she put her home on the market and had a buyer under contract, the property owner informed the new buyers that the...
I own several rentals in Oregon and increased the rents last October per the state % guidelines. One of the long term tenants would like to get a roommate to bridge an income issue. This place is about 20% below marke...
I have multiple rentals I'm inheriting and all of them are being rented well below market value. None have leases and none have paid any security deposit. Most of the properties are in rough shape and need a variety o...
If you realized you were renting 275 below market value. How much would you increase current tenant at renewal time. I admit I have not been checking rates and tenant has been in home 5 years.I checked comps and nothi...
Hey Bigger pocket,I will be closing on a portfolio of 2 properties by the end of the month. Both properties have existing tenants that want to stay. Per the current landlord, they have never been late on rent and they...
Good morning BP Community! I am in the process of purchasing an “A” House duplex. Sellers only requirement is that I let the tenants live there for 2 months before raising rents. I live in Washington State and am curi...
I have a house in Newark, CA rented to section 8 tenant for nearly 2 years. When I first rented, I was asked to lower the rent even though my asking rent was $200 lower than other houses in the community (same size a...
I just acquired a rental with an existing tenant in one side of the duplex so after trying to offer her a new lease at current market rate and giving her gradual increases of $150/month instead of going straight to $1...