Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...
Hey guys, My property manager retired to spend more time with his grand kids in another warmer state (he was also investor himself). I found a good PM company who is reputable and so far I had no issues-however they m...
When buying a rental property you inherit the old tenants that have a valid lease. What happens with that tenants Security Deposit? Does the old landlord transfer the money to you? If so, what would that process be li...
Hi All,I'm looking to invest some of my money and am about to purchase a few 1st lien out of state trust deeds through a company called Secured Investment Corp. Is there anyone out there that has invested in one of ...
EE company buys property, a connected building, for $200,000.
EE company uses 2 private lenders for $100,000 each
Each lender gets the lenders policy from the title company on their “deeds of trust.”
EE transfers th...
I am interviewing several PM companys for my first rental, its long distance. Half of the PM companies do not collect a security deposit. This makes me nervous. Am I overreacting? What is the benefit to a landlord of...
Does anyone else have experience with Evernest, specifically the Williamsburg VA branch?I'm having an issue with them and wonder if I'm not the only one.
Back story; I was using Evernest to manage a rental for me. T...
Hey All,Do any of you require damage deposits from guests for booking your vacation rentals?I recently acquired and launched a new property on Airbnb and VRBO that is $500-$600 avg. nightly rate compared to other prop...
I own a duplex, no LLC, for security deposit, I read online that for NC it needs to be in a trust acct or a bond for that amount? Can I not put it in a separate personal savings acct? Would that not suffice?
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...