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So my husband inherited a multifamily home in illinois when his dad died. We moved in to the first floor. And now have also inherited tenants in the upstairs apartment. These tenants didn't have a signed lease. They a...
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Hi All, I recently closed my first deal and will be house hacking a two family in Quincy. We took possession of one of the units on 9/1, and found that the previous tenants left several large pieces of furniture behin...
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Bottom line: I am looking for ways to bring others, who want to invest with me, into single deals. Will likely be different ‘partners’ for each successive deal and/or have multiple deals going at one time.Background:...
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Hi Investors,One of our tenant recently moved out. We are still waiting for quotes for some of the fixes. If we have not fix the issue yet(cracked tiles & garage doors), can we still deduct the security deposit?...
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Hi all. Looking to get some feedback. Is it unreasonable for me to request a breakdown of services and receipts from my property managers contractor when doing a repair. My PM had their contractor do a make ready afte...
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During our recent wave of turnovers we are seeing that most of tenants have a rather lax view of what 'clean' really is. Our homes are cleaned top to bottom when they are turned over to our tenants but what they leave...
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Hi All,Real estate investor here from Connecticuti have a situation i have never encountered before. My rental unit is non smoking, and upon lease termination the whole apartment smells like smoke, as well as dried up...
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Hello BiggerPockets,My former Chicago landlord just mailed my security deposit back without interest. I know it'd be only about $1 but it seems he should know the procedure for this sort of thing and should not be tak...
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Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
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I'm asking $995 first month's rent, + $795 security deposit, so total about $1800 to move in. I don't know if most tenants have this much cash available at once, and if I'm being reasonable (I did already make the dep...