Sam Leon
Fine line between wear/tear and abuse?
How do you draw the line between wear and tear vs just excessive force & abuse?Example, if within a two month period you had the microwave oven door handle broken off, refrigerator door handle broken off, the exte...
Cory Lucas
Kick em out or no???
I have a tenant that clearly has a girlfriend residing with him. She paid his rent this month and my property’s address is listed on her check, she’s not on the lease. Boot them out or try and rectify the situation? N...
Grant R.
Thoughts on Charging Application Fees
There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee. While this can serve to filter out some non-serious applicants, it can also pre...
Jeff Arndt
New way to raise money for rehab!
I figured out a way this morning to raise more money for a rehab and I wanted to pitch the idea to the community before I start negotiating with my prospective investor.
There is a duplex down the street in a very ...
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Becca Summers
Returning the Deposit
I recently had a tenant break their lease and move. How my lease reads is breaking the lease will result in loss of deposit. I told him if he kept the property clean and I was able to rent it before he moved he could...
Megan Arzt
Partial Rent received. Now it's late. What to charge?
So my tenants paid $1000 of the $1200 that they own me. Rent is due on the first, but late fees don't kick in until after the 3rd (on the 4th). The late fee is $30- day. Do I charge them the whole late fee or pro-r...
Larry S.
Late Fees with a PM Question
Hi All,I'm super excited to be under contract for my first property. I was reading through a PM agreement from the company I intend to use, it states that the PM keeps all late fees. Is this common practice in the PM...
Gulliver R.
Should I charge late fees for late rents?
In my regular non-mobile home park properties I charge for late rents. Do any of you mobile home park owners and operators charge for late rents or not?
Thanks!
Keaton M.
Tenant paid previous property manager
I just bought a fourplex and we closed around the 20th of last month. I sent an introduction email and notice that online payments are changing. Now rents are due and the tenant said they paid the previous property ma...