So we notified a tenant that her water bill was over by $50 this month and we pay up to $40 and she is refusing to pay for it. How should i handle this? I dont want her over it. Also how does everyone raise rent a lit...

So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...

I've read similar threads here before but couldn't find the answer I was looking for. Basically we are in the process of buying a coop unit in NYC. Seller agreed on the final price a few days back and sent the contrac...

Hello Group! I am curious what platforms other landlords are using to collect rent? To date, I have been accepting rent via USPS but as the number of units increase, the process of opening mail and running checks to t...

We have three tenants that pay each month with cash.  Prior to 2/1/18 Bank of America accepted a cash deposit directly into our property account.  Now the bank will not accept cash unless the person depositing is list...

Hi all. I'm a relatively new investor from Arkansas. I'll be investing with my husband, we currently own an electrical contracting business and are branching out.I look forward to learning and eventually contributing ...

Hey BP, Has anyone had success in convincing a seller to accept FHA financing even when they didn’t want to? It seems like many sellers are not willing to accept FHA offers and wondering if you have any tips for negot...

A few months ago I dealt with an irate tenant. He was upset when I informed him of a $50 increase when his mom stayed longer than our agreed time-frame. His mother was suppose to stay for a month while looking for ano...

Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month  in advance for a 1 year lease.   So she will put down 1st 3 mo...

I see a lot of short sales on my MLS. Just curious if anyone specializes in buying (unapproved) short sales listed on the MLS?

The obvious advantages over a typical short sale transaction is that you don't have to ne...