Greg Schuricht
What to look for in CCRs?
Hey all, I'm looking to invest in a townhome/condo as an STR investment.I'm exploring a particular HOA and reading through their covenants, conditions and restrictions (CCRs). I see some paragraphs that talk about "L...
Mark Forest
Damage clauses
I have examined many leases and I have never seen an expressed complete clause whereby the tenant damages the property and the landlord receives compensation immediately. I do not want to wait till they vacate and ha...
Eric Salgado
Help!!!! First property disaster
Hello BP, I got a long a brutal history on my first property with lots of learning mistakes. I’ll try to keep this as short as I can but also paint the exact picture that I am in and desperately need some advice. So b...
Carrie Westover
First Tenant transition
Hello seasoned landlords:I am heading into my first tenant transition on my first rental property. The current tenant is in the process of buying a home and expects to close the end of february. Our contract is on a m...
Lee Nugent
First properties under contract, questions about tenants.
Good evening BP. I have a few questions that I'd like to bounce off of the community regarding a couple properties that I have under contract. 1) Do I have to honor the full terms of the lease or am I able to move ...
Sean Connolly
Transfer of tenants after sale
Hey BP,
Currently under contract for a 3 family. When being shown the property, I was told one tenant had a 6month lease for 750. The other (Sellers son) was on a month to month lease for 550, family discoun...
Christine N.
Inheriting a hoarder tenant
I am making my first rental property investment on my own. After 8 months of searching and several almost deals, I found this FSBO as soon as it came on the market. Bank appraisal was higher than sale price. Home is...
Amy Brossette
Mouse eats Christmas Presents. Am I liable ?
Am I liable for damages of a little mouse? Is it my job to set out mouse traps?
Sam Leon
Homepath (Fannie Mae) home EQUIPMENT questions
This may be more appropriate in the REO section but I decided to post it here because there may be relevance beyond that.
I have a contract to purchase a Fannie Mae homepath home. Buyer has accepted but cont...
Alec Jacobs
How to protect yourself when househacking, specifically rent by the room..
Hello everyone,I was wondering if you guys have any info/experience about living with tenants and how to screen them among other things.I heard about initially having a short lease to kind of feel out tenants (specifi...