Michelle Martin
Everything was going good until the pandemic hit
I currently own 7 Class C and D properties (13 units) in two different markets. Everything was fine until the pandemic hit. Tenants were paying on time, and I had minimum issues. For the purpose of this post , I will ...
Briana Bean
COVID, Lease Renewal, and Divorce: What would you do?
We have some tenants that divorced, and one moved out. Their renewal is this June. I have let the tenant know that a new lease will need to be drawn up, and that he would need to meet our income requirements. He works...
Bruce Lynn
Landlords quitting Washington State
Washington state is on track to see a 38% increase in rental homes being sold in 2021 compared with 2020. New statutes being levied on the home-rental market and the ongoing eviction moratorium are cited by industry o...
Jay S.
Down Payment using Hard/Private money
I would like to hear about some of your creative ways of structuring the down payment for a property using hard and/or private money for a MF property when you had little or no money. While either using the bank to fu...
Steve Fitzgerald
NC LLC- Single or Multi for Married Couple
My wife and I bought a SFH primarily to use for STR. We’re planning on putting the property into an LLC. We have an investment mortgage on the property in our names but will do a quit claim deed once the LLC is setup....
Sierra Fox
Forgot to add pet policy on lease agreement
Hi everyone, I discovered a major rookie mistake on my lease agreement with my current tenant who signed July 26th. I completely left out the pet policy in the lease agreement after making adjustments to the new leas...
Michael Redmon
Will a LLC really protect you?
Hi,
I own three SFH rentals. I have the max liability on each. A friend mentioned his rentals are in a LLC. I wasn't sure I wanted to go thru the hassle of dealing with an LLC and my lawyer friend says it wont really...
Nick Dillaha
Transferring rental to LLC... When?!
Hey guys, newbie here. Just purchased a owner occupied residence (second property - woot!) and have a renter set up for the 1st of January on my first property. I have an LLC set up but haven't transferred the rental ...
Jeff Sheraton
Tenant Requirments
I am working on putting together a more formal tenant requirements list. We mainly do low income rentals, average rent is around $800. Looking for comments on what I have so far and what has worked well for you.Here...
Rick C.
Liability Question
Hello,
I am trying to determine the feasibility of putting my existing and future properties in an LLC. All of my loans are and will be conventional, and I have no desire to go to commercial route due to higher costs...