What would you do with the security deposit if the tenant wishes to break the lease early? The tenant mother/roommate passed away. The tenant no longer wishes to occupy the property. I decided to release her from leas...
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My tenant moved out and left their old washer & dryer, which work fine but are a few years old. Is it worth keeping them to add value when marketing to a new tenant? Or would I be looking at a lot of potential m...
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Back in June I have received a security deposit and in July first month payment for a lease starting on August 1 move in date. On August 1 I was informed by the tenant she is breaking the lease due to some family issu...
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Hey group, I wanted to reach out to you all and get some of your ideas on the best practices for protecting your investment during the rehab process.I am looking at a property in a lets call it a “D” neighborhood. The...
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What is everyone's best strategy to mitigate risk of theft and break in on your flips?
Let's hear some war stories and how to corrected them!
Also, how does this tie into giving access to your project during constr...
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My parents are in the process of going through their first eviction process in NJ. The tenant has not answered any calls, visits to the apartment, and is ignoring certified mail. The sheriff is scheduled to remove her...
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Major water damage in my investment property from a sudden pipe burst there was some other damage from a break inand had a previous break itI have max 160k insurance payout.It is a builders risk policy for house flip...
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A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
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Hey guys, I just listed my first property for rent in Grayslake, IL. I went with Dillon Property Management, and they did their due diligence on the tenant and claimed they were a good fit.
The tenants move-in date w...
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If there's an MFR (2-4 units) in LA in which the total rental income covers PITI (principal, interests, taxes and insurance), wouldn't this still be considered a good deal?
Here are my thoughts:
1) I wo...