Rick Jones
Evaluating a multifamily property. How old is too old?
Hey all, I'm looking to purchase a small multifamily property as my first rental. I found a triplex that i like and when running the numbers it seem like a good deal. The only downside is that the property was built i...
Francis Dinh
Tenant uses housing program
Dear,A tenant, who uses Housing, likes my property and wants to rent it. What is the pros and cons of Housing program? I heard that I will be able to get paid on-time everytime and the tenant has to keep my house goo...
Account Closed
Deposit requirement for a new lease
Hey guys, question regarding the hold deposit for a new lease. I'm requiring the first, last and security of 1 month for a new lease. I think that's pretty standard. One thing I don't know is, do people require yet...
Scott Price
Lender taking annual personal credit reports on commercial loan!
Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
Catherine Javier
How screen a tenant for midterm rental
Hello everyone, I would like to ask how do you do tenant screening for Midterm Rental? Do you only get the contract? Or do you use the Keycheck (Furnish Finder) And let the tenant pay for the screening? Thank you for ...
Kimberly Hamada
Fee to drop off rent to office instead of direct debit.
Is it normal for a property manager to charge 25.00$ a month if I drop my rent check to his office instead of agreeing to direct debit from my checking?
Christy Gilliam
closing costs for buyer and other questions
This brings me to another question. I’ve read where buyer pays closing costs. ( regular wholesale deals). Do I need to adjust my price to buyer to compensate for this? If I do, what are approx. closing costs?
Say, c...
James W.
Property manager gave rent checks to previous owner!
I recently purchased a commercial retail building which closed on 12/31/2012. It was a normal purchase using my broker and a standard AIR contract. I kept the original property manager to manage the building.
My fe...
Ryan Heywood
Purchasing home as a residence or investment?
I currently have a two unit property under contract, initially it looked as if it was going to be classed as an investment property with 15% down. Our lender has now informed us that since it is multi unit it will nee...
Carla Kordab
Is Your Property Attracting the Ideal Residents?
As a rental property owner, tenant screening decisions can make or break you. Getting the perfect tenant for your property can take time and effort, but are you doing what it takes to increase your chances? Making You...