We purchased a 12 unit building and put in a sprinkler system per village requirements. Two months later it turned out that one of the units had a major bed bug infestation. We immediately called our trusted pest co...
My primary residence is a second floor 2bd/2ba unit and directly across from it (on the other side of the staircase landing), is a 10x13 bonus room with two windows and a closet. I haven't measured the windows to see ...
Hi everyone! Been a member about a month and a half and just getting around to introducing myself. Im from the Rockford area and looking into being a buy and hold investor. In the capital building stage of my career r...
Hello,
We are moving towards targeting MTR strategy and wondering if the landlord forms that are available to download on BP are applicable and address anything needed/required for that or are they more for LTR strat...
Hi, I have a neighbor with a baby and his wife next door whom they have a big dog. The dog is sensitive to noise in my backyard near a worn fence where it separates the property line. The dog frequently reacts to any ...
Have a semi complicated scenario I can't quite find the answer to. Managing member of an LLC that owns investment property (with a silent partner's equity). Would it be possible for the LLC to sell the investment pr...
Hello! I have a scenario, I wonder if someone with tax skills can help me figure out. Here's the hypothetical:An LLC with 2 members owns $2 million in fully-paid residential real estate assets. No mortgages. The LLC w...
My wife are I are looking into purchasing our first short term rental to use as a vacation home and rent out when we're not there. We are also looking to move into a new primary residence sometime in the near future ...
Hi BP,We have been leasing apartments in our multi family units for a while now, but have never before seen the possible need to include a lease clause with the Golden Rule in it- treat others as you wish to be treate...
We took over a 12 unit building in January of this year that is mostly lower income immigrant families (I mention this because it may be relevant) and we are having problems with bed bugs. One unit told me they have h...