Stewart McMillan
Wait, what?! Tenants Violated Lease and Want 2x Security Deposit?
I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...
M.C. Nachtigal
Seattle's Latest Insanity: ban criminal background checks
I just saw the latest proposed insanity, set to be voted on by the Seattle City Council next Monday. I would be surprised if it does not pass. This one would ban all criminal background checks by landlords of prosp...
Henry Fidel
Sheriff Sale Auctioneer "Recalled" Auction After I Won Property!
Earlier this week I attended a Sheriff Sale. There were three properties up for sale, one of which was cancelled. I was the only bidder present in the room when the auction started (the Plaintiff's attorney was also ...
Kimberley Mundelius
Question for someone who knows nothing about Real Estate.
I started searching the web in regard to "foreclosure" information. I've been curious about this, because my husband and I were put on a "re-payment" plan last year in 2007 to get our mortgage payment current. At this...
J Scott
Special Warranty Deed
A friend of mine is buying a house next week, and when he looked at the settlement package, he noticed that he's getting a special warranty deed (SWD) instead of a general warranty deed (GWD). I know the differen...
Shane Clark
When in the market cycle is it best to do a 1031 Exchange?
Hello,Almost 2 years ago my company purchased a small 2 bed, 1 bath SFR rental in Tampa for $40,000 cash. Title was vested in a land trust with my LLC as the beneficiary. The property has stabilized and is cash flowi...
Keith A.
stop calling, texting, emailing, and hand writing letters.....
I know I'm not going to make any friends with this post... but my dear fellow investors.. do you have any idea how intrusive it is to not only get constant texts, phone calls, emails, letters (not as friends but from ...
Zeshawn Ahmed
Would you rent to somebody who will list on AirBNB?
Dear landlords,
I recently read the post about AirBNB arbitrage (renting someone's place and listing it on Airbnb). But as a Landlord, would you rent to someone who will list on Airbnb? Why or Why Not? What will it t...
Derek Mitchell
Deal Review in ABQ
Hey Guys. I've got a deal I would like some input in. I've got the opportunity to purchase a SFR subject to.
The current loan on the property in about 135k and it is valued at 150k. The payments ...
Mac Bradley
Eviction of previous owners after foreclosure auction
When I buy a house at a trustee foreclosure auction and the previous owners are still in the house, do I need to hire a lawyer to evict them or can I, as the new owner, just show up at the justice of the peace on the ...