I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...

If your security deposit is equal to one months rent do you have to pay 5% interest? if you have an additional defined pet deposit do you have to pay 5% interest? thank you !!!

Hello everyone,

I came across a few articles where landlords said they use a 10% late fee for rent, is this too high to be upheld in court if it came to it? I also read somewhere that judges won't uphold excessive la...

My husband and I purchased a duplex in Grand Rapids, MI in July and took over August 1. We recently had the last of the tenants move out, and after sending them a security deposit return, they have decided to contest ...

Received our first rent check. Feels good. I have certain amounts that i want to divy up to go towards future expenses (capex etc). We also set up a competely separate account for the house. Do we leave that excess in...

Purchasing a fix and flip from a seller that had prior issues with GC and is concerned that GC may file a mechanic's lien on the property even after the property is sold to me. The repair work was for an insurance cla...

A tenant just moved out (a couple) after living in one of my apartments for about 4 years. Good tenants, paid rent, didn't complain much. When they left, I walked through the unit and they left it in pretty good shape...

After a previous post some of the individuals that took part In the conversation about some creative ways to fund properties. Two methods that stood out to me were master lease and sandwich lease option. I wanted to u...

The following is a few reasons why we've used lines of credit to scale our portfolio as opposed to using the BRRRR method.  The BRRRR method is a great tool, but has certain drawbacks that are accentuated in the curre...

Many self-managing investors on Bigger Pockets have to handle security deposits and this can sometimes be challenging. We wanted to share our the experience we have gathered throughout the years by managing hundreds o...