Greg Pratt
Security Deposit - items that can be deducted in MN
Hello,I own a duplex and I just recently had a tenant move out and now it's time to consolidate the security deposit and I had a few questions and suggestions on what items can and cannot be deducted in Minnesota. I ...
Nate Smoyer
Tenant now has emotional support, service animal
Hi everyone,I have a tenant is a great tenant. Pays on time, is kind, keeps the home very tidy, and doesn't complain a lot or break things. Recently my tenant informed me they have been prescribed a service animal for...
Timothy Michael Mick
90 Year Old with a Dead House - 550k - How to Structure
I have a 90 year old friend with a triplex. A few years ago, a pipe broke in the upstairs. She hired a family member to fix it but ran out of insurance money before he could complete it. Now the building is sitting th...
Charlie MacPherson
Universal Rent Control? Cynthia Nixon has proposed it for NY!!
I try to avoid political discussions, as they never lead anywhere good in the business world - but this one strikes at the very heart of REI. Former "Sex and the City" actress, Cynthia Nixon is running for Governor o...
Steve Fitzgerald
Lease Review- Anything to add?
Here's a lease I'm working on for a property I now in CT. Anything you would add?Steve---------IN THIS LEASE the words "we", "us" and "our" mean the Landlord, ________________________.The words "you" and "yours" mean ...
Account Closed
Stuck In a Terrible Lending Situation
Hey BP,
My wife and I just closed this past week on a house that we are using as a rental. Throughout the entire process working with our lender, we told him over and over that this would be a non owner occu...
Sayra Chorey
Tenant Issues - Possible drug use and sales
MH and I just bought a 3 family at the end of October and kept all the tenets.1: Woman, boyfriend, her son & grandson - mother to 3rd floor tenet.2. Couple with 4 children.3. Woman, boyfriend, their son & boyf...
Dana Regan
Can one of my LLCs loan my other LLC money?
I currently have an LLC for my consulting business (not real estate) and want to loan my real estate LLc money for purchase and renovations. Is this allowed? Or do I need to make a disbursement to myself to fund the...
Mary Jay
What is your tolerance for bad or below average areas?
Do you guys only buy in good areas?Does anybody buy in bad areas or below average areas?For instance, property is close to "druggies " area....An appraiser came to a unit and there is a passed out tenant on the couch....
Shaun M.
The forums and podcasts never prepare you for this…..
Apart from a changed name, this is a true post. The incident happened last Friday night. The write up is divided into three sections. The story, The Aftermath, and The Lessons.---Bang, Bang, BANG! It’s midnight, my w...