We have heard that if a homeowner accepts a loan modification and the loan is a purchase money loan, then it changes the non-recourse status of the loan and the bank can come after them for the deficiency if they defa...
So I am under contract buying a new primary residence , and I have a couple rental properties. At one of my properties (a duplex) the tenant didn’t pay January , February, and probably won’t pay March. I live in Orego...
I have a tenant that moved in August of this year. She paid her deposit and rent up front. My problem was I did not screen properly. Now for the month of September I only received a partial rent. In October I rece...
Hi there. My boyfriend and I are interested in investing in short term rental(s) in Las Vegas. Our intent is for both investment and personal use. I have read that the STR market is tough in LV because of the local ju...
I know most companies and landlords despise renting units by the room, however we have a couple we rent by the bedroom. A couple 4/4 and 4/2, all furnished. Currently we have different male and female units since this...
This is scheduled to go before the City Council for a second reading on May 16 and then the Mayor will sign it into law. We estimate it becomes effective around June 16.
Highlights (all page number references relate...
How many days do you indicate on your leases for Notice of Termination for the 1 month to under a year leases?I use 45 days on my 12 month leases, but of course that doesn't make sense if you have a 1 or 2 month lease...
Hello!
I'm using a property management software (TurboTenant) for rental applications and screening reports, and they charge each prospective tenant $45 for this service.
However, the Wisconsin State Legislature sta...
Aloha,Many locales have added "source of income" as a so-called Protected Class under Fair Housing. The predominate assumption is that a LL is required to rent to such an applicant. There are varying opinions on how t...
I have currently set up an LLC for my rental properties that my wife and I own in Ohio. I am setting up the business bank accounts and need the EIN. When I apply for this online with the IRS is it possible in Ohio to ...