Fraser McCurrach
Buying a property with an illegal / unapproved expansion
I'm currently looking at purchasing a property that was originally a 4 unit building. The seller at some point expanded and created a 5th unit in the basement. I don't believe it's to code and was probably never sanct...
Ryan Rominger
Red Flags when screening tenants?
What are red flags you look for when a tenant applies for your property? Besides credit score, income, rental history, criminal history?
Daisey Gemens
Renter with bed bugs
We recently rented to a couple who claims that we provided them an apartment with bed bugs. Basically they signed the TAA BB Addendum with specific wording that they were aware the unit was free of BB but had not seen...
David T.
Difficult Landlord - What are the options?
Hey BP, here's a scenario that poses a number of issues and I'd like to get an opinion on how it might be dealt with. There are several issues arising here, so the problem will require some skill to resolve.
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Roy Mitle
How often to check on rented house
I have a townhome that I have rented out for the past 2 years to 2 different tenant groups. All the renters have paid on time and I dont' have much contact with them except when something breaks down etc.. Do you guys...
Paul Burbank
FHA "85% Rule" HELP!!!!
We are currently in the process of closing on our first property using FHA financing. Most everything has gone smoothly until now. I am just finding out that with 3-4 unit properties 85% of the gross monthly income mu...
Shawn F.
Property Management Agreement Questions
Hi all,I'm interviewing my first ever property management company tomorrow. They sent me an example of their management agreement and I don't know what's typical and wanted some feedback on a couple points, if anyone ...
Stacey Conte
Defective appraisal ??
Has anyone ever received a defective appraisal back?Notes below from the lender regarding the appraisal. “PNMAC has determined that the appraisal is defective. The report provided does not provide a rent analysis th...
Donald D Michna
Water Utility Payment
I have a renter in a property located in Racine, WI, the properties water is provided by Racine Water Utility. The water was never transferred over to their name and the renter is now late on this past quarters water....
Ray Alvarez
Property Manager issues
Hello,So recently I have been having a hard time receiving my January payment from my property manager. I usually receive it on the 10th of every month. I reached out on January 14th and told her I have not received t...