Chelle Knijnenburg
lease change the renter (a lawyer) wants to add about escrow
Hello all.Our future renter wants to put these two items in the contract, one is in case we put the house on the market. Note that she is a lawyer. We don't fully understand the escrow clause and how it might affect ...
Greg K.
Very strange Short Pay/Sale clause in banks agreement
Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
Duane Gunkler
Slow Paying tenants - thinking about just selling the place.
I have a 2BR/2.5BA townhouse that I have had the same tenants in for a little over two years. They've been late on the rent forever, and have slowly been slipping further and further behind. I am just not seeing any...
Aram V.
Credit Score 715 & 554
"We have had a few interested tenants visit the property on Mulberry. They have 2 young children, no pets, and are relocating. Their credit scores are 554 & 715. No criminal history. No eviction history. She makes...
Becky C.
Possible tenant problem...
So one of the neighbors in the nice family neighborhood in Colorado Springs where I own a single family rental has been complaining to me about the tenant I have in the house.
I have a property management company, an...
Marcus Auerbach
Thank God I had an LLC!! - Said no one ever!?
In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...
Tony T.
NY Bill Would CANCEL Rent for 90 Days, Not Postpone.
https://reason.com/2020/03/25/...
The state of New York has a bill to CANCEL rent for 90 days for workers affected by the virus! This isn't deferring rent payment; it is waiving it.
Those landlords who have mortgage...
Ryan Vince
Can You buy your own REO back?
I am currently going through the foreclosure process. I am at the very begining and was wondering if it is possible to let it go to auction and wait until it doesn't sell then offer the bank more like what it is worth...
Jesse Smith
Tenant Abandoned Unit - What Type of Lawsuit for Unpaid Rent?
This is in Missouri. One of my tenants stopped paying rent in October. He then called me in mid-November and said he had moved back home with his parents, and he would no longer need to rent the unit. His lease run...
Robert Timm
Mortgages through an LLC
Hey BP Community,I am looking to purchase a few properties in the 60-80K dollar range. After taking Brandon's 90 day challenge I kicked it into gear and set up my LLC and I'm ready to put down 20-25% on these properti...