Ben Kevan
Letters to New Tenants
I am currently in contract to purchase a tenant occupied duplex, and have mixed thoughts on how I introduce myself to the tenants. The property is out of state, and will be handled by the same property management comp...
Matthew Carducci
Help wanted - Tenant potential seeking legal action
Good morning,Up front: Current tenant may potential be seeking legal action on grounds that I am not making reasonable efforts to rent the property. Details:House is located in Mount Pleasant, South Carolina (SC). ...
Curt Smith
My PM send a 1099 for rent, yet I claim this on Sched E
Currious what the accountants say to do for what amounts to double income. My property manager is obligated to 1099 me for the rent he collected and passed through. How do I account for this double income since in S...
SaraEllen Hutchison
Assign lease from one landlord to another landlord?
Hi All, I am looking for a Washington State (or other state) addendum whereby a landlord property manager can assign a lease to a different landlord.Thanks!
Brooks Rembert
VA Foreclosure; Asked for Highest and Best and Accepted None
What gives? We found a VA foreclosure, put in an offer and that day, the selling agent calls my agent and asks for highest and best. We oblige, then two days later get a note from VA that our offer wasn't accepted, an...
Andrew Ramler
Resi over retail deal- HELP!?
Hey BP,I am looking at a Dallas deal with 4 resi lofts (3500sf) over 6200SF of retail. I have a good understand of multifamily but the retail would be new for me. I have listed some questions as well as the numbers be...
Eduardo Alfaro
Using a second home as a rental
Hello All, I have a technical question. I am currently under contract for a property that I plan on buying as a second home. My plan is to rent it out for the first year to capitalize a bit and then fix it up, furn...
Kenneth Davis
Renting to an individual who Filed Chapter 7 Bankruptcy and foreclosing on home
Would it be much of a risk to rent on a month to month to an individual who filed chapter 7 Bankruptcy back in 2012 and is forceclosing on his home this year? I have only had 2 applications turned into me, in a 2 mo...
Chris Smith
Just started a new job in property management - is this normal?
Wondering if this is common among all companies or just mine and if I should jump ship * main office is a mess, boxes and papers everywhere, tables stacked high with papers etc, a tile is missing in the ceiling * it’s...
Stephen Burke
Creative financing for triplex from my parents in Texas
My parents own a triplex here in Texas worth about 120k, it needs some capex and rent hikes. Conservatively, rent with little improvements and repairs will be 2200$ in this market and higher with upgrades. I am in th...