Jake Barrutia
Allow full year prepaid rent?
I have a tenant who would like to apply for one of my Hammond units. This person said she's had surgery recently and has been out of work since March, and will return in August. She offered to pay a full rent's paymen...
Account Closed
Million Dollar Listing LA / NY Series: Prepaid Rental Deals Legit?
have noticed in multiple episodes of Million Dollar Listing LA (and possibly NY but i rarely watch that one) that sometimes in marketing the sale of some homes, a rental deal is closed where the renter agrees to prepa...
Andrew Robbins
Does fired property manager owe me money for...
In November, I fired my property manager for general ineptitude. On December 1, a tenant abruptly moved out with no notice. When this tenant signed their lease last spring, they pre-paid their last 3 months Mar '18 ...
John Barry
Full year up front payment for rental?
I have a potential tenant who just sold his house and wanted to pay for a full year up front on one of rental properties.
My first instinct is that this sounds great.
What issues should I worry about, if any and wh...
Nikita Sharma
Escrow- what exactly is this?
Hello,I purchased my first property recently. In the closing costs, I prepaid for 1 year of property insurance. In this case, I would assume I would not be paying monthly insurance premium for the first year, because,...
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...
Jonathan Johnson
Inherited Tenant Problem Questions:
Hello BP,I've inherited some unsavory tenants. I was mostly fine with it because all the leases were going to be up in July or sooner. HOWEVER, I was not aware about just how bad it was.Tenant 1 - wanted to talk to me...
D.J. Paris III
When Inheriting Tenants- Need a new lease?
We purchased a building in Jan with a bad tenant in Chicago, IL.
The previous landlord had a simple 2 page lease without information about security deposit, etc..
Now that tenant is suing us for not disclos...
Steve Uhlig
Estimating Closing Costs in Pennsylvania
Hello Investors,I am looking at 1-4 unit deals in South East PA outside of Philly. My question is about estimating total settlement costs as the buyer. The settlement charges consist of 2 main categories: closing co...
Shelly Scruggs
investment financing
Is it true that down payments, closing costs, or prepaids can never be rolled into purchase price of an investment property?