Hi Everyone,So here's the deal, i found a 3-family and now the sellers have accepted my offer, i've been dealing with my lender and agent but now the number keep getting higher and higher. Does this sound right? Purch...

I'm assuming in an assignment, the buyer you assign it to will ay closing, but who pays closing in a double escrow?

I collect last month’s rent and security deposit when a new tenant moves in. How do most of you account for the receipt of this money? Right now I create a separate account in Quick Books for the deposit of each u...

Long story short, I made an error in respects to an IR. Thought payments were prepaid for 3 months. Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there wer...

My tenants are asking for a 4-month lease extension but I suspect they are filing for bankruptcy since they have a bankruptcy lawyer contacting me asking for the lease extension.  The current lease will expire end of ...

Hi BP,
A few weeks ago a few partners and I closed on a 10 unit apartment complex. It wasn't until our property manager collected the first month of rent that he had tenants in two units tell him that they had prepai...

Hello:

  I am a first time landlord and running into a issue with tenant refused to pay propane gas that came with the sale of the house.
I bought the house and it comes with 2 100 gallon propane gas for heating....

Hey all,Seller agreed on $15k for seller concessions, but my closing costs are $14k, losing out on a little less than a thousand dollars. Still money that can be used for repairs.What can I do if my seller credit exce...

 I am selling a place in Arizona for which I had prepaid taxes for the current year. The title company did not see that the money was being held in the treasurers office account ( they haven't applied it towards the c...

Situation:We're acquiring properties at a steady rate (2-4 per month) and I'm looking to improve our cash management. The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining...