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I have a 2 part question. First off, I am the Landlord of a residential home in Texas and with the recent storm my tenants lost power for over 36 hours at the property which caused the tankless water heater to freeze ...
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We were about to sing the contract last night and overnight the deposit check to close a deal on a multi family in the Bronx. Then the sellers agent called last night to tell us that a new offer came through and asked...
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Hello BP!I purchased a 3 unit multifamily property in august of this year, it was occupied by 2 tenants and I moved into the 3rd unit, when signing new leases for the existing tenants one of them gave me notice to ter...
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Background: We rent a 3 bedroom house to a grandmother. She has her grandchildren live with her intermittently as needed. Not uncommon in low income households. Two of the teenagers are authorized on the rental ag...
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I was listening to the Money Podcast, Finance-Friday edition earlier this week. @ScottTrench mentioned having adequate amounts in reserve for a rental property. I close on my first property on Wednesday the 17th. The ...
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I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
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Hi! I'm a newbie. I had two properties that went into foreclosure or short sale 6 years ago during the housing market crash. Up until last weekend I didn't think I can get another property again but due to an unexpect...
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So I have 2 duplexes in a city about a half hour away from where I live. My lease gives tenants a 4 day grace period to pay the rent. I always call the day before the first of the month and let them know that i'll b...
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Hi all, reposting this in a different section for more perspectives.I have an off-market property under contract for 400K in SLC, Utah that I was planning on house-hacking to friends while renovating. A problem arose ...
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I just had an interesting exchange...
I'm both a landlord and a tenant in Florida. While I always give specific advanced notice of entering to my tenants (e.g. I tell them exactly what day and time I will be there), ...