Linda Roberts
Can I charge for breaking the lease?
My lease states that if a tenant breaks the lease and moves out early, they must pay a penalty equal to two months' rent. One of my tenants broke the lease and moved out. I put a lot of time and effort into finding ...
David T.
Long-term lease rent reduction
A tenant of mine expressed her desire to sign a 5-year rental agreement/renewal. She has been a good tenant for a year. She is also asking for the rent to be reduced.
Is there a guide on how much the rent should be r...
Naoko Potts
Tenant who does not have a bank account
My tenant just informed me that his bank account was hacked and he had to shut it down. He has been paying his rent through apartments.com but since they charge high fee for the credit card transaction, he is asking m...
Jim Adrian
covid related late rent or partial payment
What policy or procedure are you using if your tenant won't be able to make rent due to being affected by covid in this second wave? This winter will be bad.I have a tenant that informed me today Dec rent will be sh...
Chase Luckett
First Deal Questions
Hello, I am 22 years old and negotiating my first real estate investment. I live in Owensboro, KY. I have some questions that I would love feedback on. My grandparents own a rental property and I am negotiating buying...
Marjorie Patton
RE Investor DTI ruining ability to get/use credit
I'm super curious if anyone else has encountered this issue...We are RE investors in Denver - we've got 3 investment properties (or 5 doors). We have >$2m in debt spread across the investment properties and our pri...
Troy Williams
S Corp or Partnership LLC
My partner/rock in roll sista @Colette Chase and I bought two properties this year and wondering how to best setup our company structure for best liability protection, tax benefits, etc. We just registered an LLC in ...
Varun Parkash
$3000+ in Loan Origination Charges - Closing in 2 weeks - HELP
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...
Dane C Allen
Tenant is terminally ill - month 5 of 12 month lease in winter
A longstanding great tenant of mine is terminally ill and has moved out (it’s highly likely he won’t be back). He’s now living with family and receiving hospice care. He’s in very poor health and likely will not surv...
Juan Difot
House is not selling, Advise Please!
Hi,
Hope you are all doing well. I am posting on this forum for advise on marketing / selling a current real estate deal.
My partner and I recently bought a fix and flip property in Dallas, TX. We purchased it as o...