David Richmond
Opinions on debt in a rental properties
If you can pay off the mortgage on your first rental property should you? And is it a viable strategy to then use a HELOC on the (now paid off) rental to buy a second? I ask this because my wife and I dislike debt but...
Collin Hays
Just when I thought I had heard everything...
My manager awakens me this a.m. with an "extreme emergency." It seems that a guest was, for some unknown reason, attempting to move a slate pool table. In the process of doing so, the pool table supposedly fell on o...
Account Closed
My flip foreclosed :(
So back in March of 09 my partner and I purchased a property for 32.5k and turned around and flipped it a few months later for 115k.
In late 2010 it slipped into foreclosure and the bank now owns it.
Should I Feel ...
Bulent Gurcan
property managment company and liability
I am new to the board so hello everyone and thank you for your help.
When we hire a company to manage our properties does that mean we cannot be sued on some issues since we have to be aware of the problem first? Mea...
Derek Martin
Door was broken during break-in due to tenant's actions...who bears the cost?
Last week one of our properties was broken into. They kicked in the back door and allegedly stole a fairly significant amount of cash. The tenant was very upset and I feel very bad for her. However, I obtained a copy ...
Tina Thompson
Damaged Tenant's Belongings
Hi there! If a tenant's belongings are damaged because of a large leak in the roof top AC unit which is obviously the landlord's responsibility... Who should file an insurance claim? The tenant under their renter's in...
Michael Laychock
Basement floods after landlord did work.
So my mom's landlord owns the 2 property's on the end of the Street. The property in the back, the plumbing comes through my mom's part of the property. My mom's landlord is the owner of a blumbing company. So he sent...
Landon Clipp
Should student tenants in house maintain lawn?
For those of you who have student housing in single family homes, do you typically require tenants maintain the lawn? In my market I know of at least two examples where the tenants are required to mow the lawn, but I ...
Melanie Gibson
In Los Angeles - New Duplex Owner - can i serve Notice To Vacate?
Hi, I just bought a duplex in Los Angeles (Rent Stabilization Ordinance applies for my area) and my tenant's current lease expired Jan. 2020 so she is on month to month. Her rent is 1650.00 for a 3 bed/1 bath apartme...
J Ganda
hold harmless agreement
I'm looking at a fixer upper with potential but seems like there's foundation problems, is there anyway I can search up the home and see if there's anything wrong with it? Or do I just hire a contractor to check it out?