I am a landlord and the homeowner next door is suing me for personal injury, claiming a leak from my property caused him to fall and break a leg on his property. My tenant never reported the leak to me and said he fix...

Hello everyone,

I recently signed up for my pre-licensing classes to obtain my license, classes begin next week. However, it did not occur to me to ask the knowledgeable folks here on BP about a very importan...

There are lots of posts about the pros and cons of section 8 when searching the site.  What is the best way to screen section 8 applicants to ensure the best possible tenants in the program are approved?

I have a new tenant that wants to vape.  My PM has a no smoking/no vaping clause in her contract, and he (tenant) wants the vaping part removed.  Does anyone have any experience with tenants that vape?  Will vaping ca...

When putting a listed property under contract for a wholesale deal, what is the best way to prevent the listing agent from circumventing and stealing any of the buyers/funding partners? NCND agreements seem to not wor...

In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...

I live in IL, am single, have several rental properties, have landlord insurance and umbrella policy. I do all the work myself (repairs, upkeep, accounting, screening, approving of tenants etc). The following idea I ...

PETSThe current lease does not include pets however, if desired, the lease can be amended to include 2 small pets. We realize that many families like / desire pets however, all pets do impose a significant amount of w...

I have a good tenant breaking his lease 4 months early on 5 days notice. He has cleaned up the apartment well and he believes he is entitled to his deposit. Is he right? Property is in NC. No backfill identified a...

We always hear about needing LLCs, Several LLCs, Heck- put every property in an LLC. I've never seen the flip side of that. I want to hear stories of when your LLC actually protected you and how?