Chris Heeren
Security Deposit when Evicted
I recently purchased a Triplex that came with tenants, one of which never paid his rent. I finally got him evicted just over a month ago after going 3 months without rent. I took the initial security deposit and k...
Emmett O.
Reducing Rent Every Month If No Maintenance Calls
Hi Everyone,In a lot of the books I am reading, as well as some of the podcasts I have listened to, many landlords have talked about adding a clause to their leases to give anywhere from $25 to $100 a month back to th...
Josh Caldwell
Other than rent, what income streams do you get from your tenants
I make money from my tenants as many ways as possible. I have coin op laundry in the unitsI make money on credit repair for tenants.I make money on the utility bill for my tenants. This one is my favorite. I have som...
Chris Kornbrust
I Saved 100K Now What? Goal is to become a Millionaire in RE
Thank you in advance to all contributors. Here's the question: I finally in my late 20s put aside 100K with the goal of becoming a millionaire by 35, latest 40. Now what?It's like reaching level 1 in a game and I have...
John Woodrich
Does MN require a grace period before impsoing a late fee?
I inherited some leases and they all provide for payments being due on the 1st of the month and that a late fee will be assessed if they have not paid by the 5th. So inherently they all normally pay on the 5th....I n...
Todd Krzeminski
Wyoming Bank Required for LLC?
I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...
Corey Dutton
Why Hard Money Lenders May Need a Mortgage License
Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...
Toyin Dawodu
What is the secret to becoming successful investor, a three day seminar or a mentor?
The other day, I was thinking out loud to myself. The question on my mind was, how many people who read Donald Trump's books on Real Estate are now building skyscrapers? The answer is probably, zero. One thing I do k...
Mark Grozen-Smith
Intro + Out-Of-State Investing
Hi! I'm pretty new here and just getting into the industry. After listening to dozens of hours of the podcast and reading a couple books, I think it's time for me to get to work! While keeping my day job, I'm aiming t...
Kenneth Davis
Any ideas on offering discounts to attract better tenants and are there any limits to types of discounts?
Is it illegal to offer discounts of say, like a $25.00 discount for people who have good credit, discount for having held the same job with the same employer for over a year, a discount for not having any criminal rec...