Nathan McDonald
Security Deposit Questions (Minnesota)
I recently bought a duplex (my first property) late Jan. 2020 and inherited tenants for one of the units. The tenants had a lease from September 2018 - August 2019 and were on a month to month after that. I gave them ...
Jason A.
Contractor (and family) sleeping over in property
Here's an interesting one. I have a contractor doing some work at a scenic property of mine located on a lake. I am not on site, and he has been doing some major projects such as ripping out old wallboard and installi...
David Kuhlke
How to renovate out of state
Hello, I am going to be investing out of state for my first rental property. What's the best way to go about renovating a property when I can't physically be there? Should I hire a property management company first so...
David West
Structuring a partnership with my brother
What's up BP Community,I need some advice and would love any feedback you have for my current situation. I live in Southern California, and I have been studying real estate for several years. I bought my own property ...
Jonathan Sher
What do you put the most weight on when screening tenants?
We are all after the perfect evidence of a good tenant: Good credit score, secure job with plenty of monthly income, no criminal history etc. But it seems like its so hard to find all 3 in one person. It always seems ...
Angela Tanudjaja
Transferring Fee: Is it a good idea?
If your tenant's lease is up, and they want to transfer to another of your property. Do you charge a fee? I know the costs involved in apartment vacancy and preparation for move-ins. But is it fair to charge a transfe...
Jo Brown
refund for 1st month of cochroach infested apartment new rental?
should a young couple coming to a new rental, get back their first month rent, because they ahvent been able to enjoy peace of settling into the apartment they organised from months befre becqause it has a severe coac...
Derek Daun
Drywood termite evidence: Tent or not?
I just closed on a property, and am deciding whether or not to tent for termites.Original inspections had turned up minor evidence of past drywood termites in two spots, but no live termites were seen. We got a $3300 ...
Zach Geddes
Potential Tax implications for buying house for parents
First thank you for your time.I live in CA and my parents are moving to MN where the rest of my family lives. Due to health issues my parents are now on disability and a fixed income and want to move for cheaper cost ...
Rick M.
More than one LLC or is one enough?!?!
I found a multi-family property on the seacoast that I would like to buy. Let’s not put the cart before the horse, I want to have it under a business LLC. I was wondering with each property that you own do you have it...