Hi guys. I have a group of three young professionals living in a property. I have a ten page plain-language lease that states the lease will renew for another year if the proper notice has not been given. I received...
I am looking to do a BRRRR and wanted to get some feedback from local active investors. Are banks lending currently on investment properties in MD? In February of this year, right before the Pandemic hit, I just bou...
I have started my first Medium-Term rental in Massachusetts and am trying to figure out how to handle a security deposit. First of all, should I charge a security deposit? And if so, how much should I charge if the mo...
When should you pay a contractor? Should you pay them in increments, with a deposit in the beginning, again midway through the project and lastly once the project is complete? Or is there a better way to protect both ...
Hi BP members,
I entered into a contract to purchase a SFH for investment, had inspection done, came up with few issues, went back and forth and finally came to an agreement with price and who takes care of what. On...
I have heard about a company whose website is www.sayrhino.com that offers an interesting product. It allows tenants who don't have enough cash for a security deposit to get an insurance policy for $10-$20 per mont...
Hello,
I currently have a vacancy and can't believe the lack of tenants this time of year!
In the past I've always had the property turn over in spring/summer. 1 or 2 craigslists adds and my email box is full.
T...
I have prospective tenant who has signed a lease but hasn't sent deposit yet. I made the mistake of also signing lease and sending back to them before getting deposit (won't make this mistake again!)I now have someon...
I am a new pro on BP and new to REI. I am looking at my first deal on a multi-family that has existing tenants. What is done with the deposits that the current owner has collected, so that if I buy the deposit refund...
I’m in the process of doing a cash out refinance but the loan officer works with caliber home loans. I’m a little nervous because my current mortgage is through Wells Fargo and I don’t have any experience with non ban...