Aaron Breiding
Security System
I recieved a good deal on a rental in a neighborhood that I would grade a C+. Not the best but certainly not the worst. What are your thoughts/opinions on installing a security system for an incentive and also to attr...
Cindy B.
Applicant refuses to give out SSN before signing Lease
I have had 2 incidents recently that potential Tenant refuse to give out SSN before signing Lease. Rental property is minimal $750k assess, Landlord feels more comfortable to have Tenant SSNs on file to protect themse...
Tereza Dyerova
Property Management - How do they protect my personal information
Hello Guys,I recently bought my first property in Chicago and right now I am dealing with a Property management company (I am based in California). We are working on the Change of management paperwork. They require my...
Bob Asad
How do you prevent co-mingling of funds?
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Gabe G.
Two tenants, protection order, one left, one wants to stay.
This is a first for me. I have a couple who was living in one of my units with their kids. I got a call from the woman tenant this morning, indicating that the male tenant, hit her, and she filed a protection order th...
Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
Dani Beit-Or
Looking for Advice on Structuring a Deal – Need Guidance - Va Loan Assumption
I’m looking for insights on how to put together a deal with the following details:
Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attem...
Patrick Bross
Security Cameras
Hey BP,Quick question about security cameras. I plan to install few on a downtown Charleston, SC duplex I own. Is there anything I need to consider before doing so? Are there tenant rights that by doing so would other...
Mindi B.
Separate checking account for each rental?
I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.
From what I've learned each property should...