Carol Kotchek
Tenant breaking lease. Looking for advice on creating new lease
Hi All, I rent a room in my home. The new tenant is breaking an 11 month lease 3 weeks into it. I'm pretty sure I know my rights as far as how to deal with that. My questions is for the next tenant I want to add some ...
Michael Spindler
Signature Loan for the Down, 30 yr fixed, then Refi?
Hello BP,
Regarding the use of a signature loan for a 20% down (acquired 3 months prior to mortgage application). How long do you need to wait to refi to get the money out to pay off the signature loan?
This is ass...
Ronald Perich
Screening is critical - How close I came to a dangerous felon
OK, alleged felon.I bought a nine-unit complex a few months back and it came with some interesting residents. Many of them are good people who put up with an inattentive owner. The previous owner was in her eighties a...
Jack Perfett
Best Way To Manage Finances For First Property
Hello Bigger Pockets Philadelphia Community! Let me introduce myself. My name is Jack Perfett and will be moving out to Philadelphia for my first job out of college in May. I have been studying any source of real esta...
Seth C.
Where do you keep your contingency funds?
This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of perc...
MONICA WATSON
Need Advice ASAP!!
I have a tenant whose lease is not up until March 2016. She called me a few days ago and said someone was following her and she removed valuables from property , thinking she was being set up. She left to go stay with...
Doug Phillips
Collecting Rent for the first month
Hi BP,Currently setting up our online payment for collecting rent, but until then, this first month I will have to collect it by other means- I know Cash is DEFINITELY a no-no, but is a money order ok for the first m...
Andy Kurtz
Inherited tenant DIED - no rental agreement in place
Just closed on a 6-unit property in MA, which will be a cash cow once it’s turned around. One of the tenants, who’d been there living alone, passed away 6 weeks ago. The tenant has a daughter, whom my property manager...
Cliff C.
CARES Act 2020 - good time to cash out 401k?
Has anyone cashed out their 401k after the CARES Act was passed this year? Was it difficult? I am considering cashing out and putting it in rentals
cliff
Boris Rochmananov
Abandonment running concurrently with Eviction process in Texas
My tenants separated and have gone different ways. They left a large accumulation of trash and personal effects. One sent me an e-mail that he had relocated to another state. The other is MIA. Tried calling them with ...