Amran Musaid
Long distance landlord
I live in California but all of my investment properties are in Michigan and so far the biggest hurdle has been finding a good property manager. I’m on my 5th property manager right now and at this point I’m seriousl...
Chris Colvard
Short Sale Nightmare
My friends daughter came to me with the following story asking for help.
Seller is approved for Citi short sale. Listing agent finds buyer who submits offer.
Buyer wants to lease prior to completion of approval by ...
Deepak C.
Should I get a Property Manager?
Hi BP Community,I recently purchased what I thought would be a vacation home for us in San Diego, but instead deciding to convert it to a rental. I’m from Texas and somewhat unaware of the nuances of being a landlord ...
J. B.
Tenant damage; low remodel bid; high remodel costs... Now what?
Age 40. Owner of a singe-family rental homePurchase price 15 years ago: $200,000 (zero down payment)Current value: $400,000+Current mortgage: 20-year fixed with 19 years remaining @ 2.875%Seeking advice and opinion...
Karen Higgins
BEWARE of fraud by erentpayment.com
We are currently in the middle of a scam by erentpayment.com. They have taken money deposited by our tenants and have refused to pay us. They have been very limiting with information and turned their phones off and ...
Brad Hasseler
Where do most property managers fail?
I have been working in the automotive industry as mechanic for the last 12 years. I like what I do and I'm good at it, but it's time to get out. SO long story short I'm getting my real estate license. I'm going to b...
Will Gaston
What's the best or most useful clause in your lease?
All:I'm about to begin the annual update on my lease for my student rental properties. What started out as 4 pages in 2006 is currently 17 pages long. And I expect it to fill 1/2 of the Library of Congress by the time...
Jay Hinrichs
lastest dead beat tenant tricks
Was having lunch with one of my business partners and he was telling me that on his rentals he gives his tenants his Bank account number and makes them direct deposit it when due. However ( and that's here in Oregon) ...
Keith A.
Do you let frustration over tenants get to you?
After a long span of quiet, drama free tenants in rentals, I discovered last night that a tenant that just moved in lied about having caged reptiles in the house. I'm not too worried about anything caged, but it is ag...
Trevor C.
Michigan Security Deposit Questions.
So we received the security deposit on our first rental and now we are unsure what the next legal steps are. I think I need to open a separate interest account (escrow?) and then provide the tenant with the bank and...