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I had a tenant here in Colorado. I knew he fell on hard times and filed bankrupcy but did not include rent in that filing. He said he wanted to stay until lease was up (August) but I felt he was not being straight w...
I'm working on a Sub2 deal and have been reading tons of posts here on BP. I know I need a POA but would like an actual example of the specific language some of you use to address the immediate and longer term issues...
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Oh boy, where to start. First timer here (possibly need to evict), please read the whole post, consider all potential's and discuss. Thank you! And yes there are 1000 red flags I know, we can get into my decisions to ...
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Renting out properties first time should I put in my lease if the plumbing gets clogged again and again tenant not cleaning or miss uses should I charge fee for if tenant not cleaning and keep send plumber out first ...
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I am forming a 50/50 partnership LLC for flipping rehabbed properties. 1st question should I use myself or an llc for my 50% membership? 2nd question is taxes. Do we elect to do our own taxes (each member) at the en...
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I just closed on a property, and the seller let me know that a security system exists at the property. It sounds like the cost of this was billed to the seller, and the tenants were reimbursing the seller each month. ...
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The big news is here: Senate agreed on extending the tax credit! And not only that, but also to add a $6,500 tax credit incentive for the existing home owners who have owned their home for the previous five years.
By...
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Hey Biggerpockets!
One area that I am currently lacking is in having a group of experienced people that I can go to for questions in my investing career. On the other side, two things that I do have are time and hus...
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Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
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My phone alerted me that on Feb 1 the Indiana state legislature passed a bill related to landlord/tenant rights, and I wanted to know what do all the other Indiana investor think of it ? ? And does it have a chance t...