Chad Franich
How do I evaluate multiple tenants
Greetings. We’ve recently rehabbed a 3 bedroom house and have listed it for rent. I have several people that have applied and when running their credit reports sometimes say a married couple ( the husband has decent c...
Kevin McCormack
Tenant Lease Renewal - Landlord not responsive
Hi BP,I live in an 100 unit apartment complex in Westchester County, NY. My lease runs out 2/28/22. Per the terms, I need to provide 45 days written notice of my intent to either renew or vacate the premises. I’ve fol...
Eric Roth
How to Structure Private Loan for Down Payment & Reserves?
Hi All,I'm considering the opportunity to lend private money to a small group of investors I know who are buying rental properties, doing slight renovations, and leasing them out. The business plan seems solid and I t...
Matt Said
Tenant Fire & Insurance - How does payment get handled?
My tenant somehow started a kitchen fire that was pretty isolated but smoke damage spread through-out most of the unit. No structural damage other than fire dept ripped down some cabinets and punched through the dryw...
John W.
Vacation Rental in Smokey Mountain (Qs with partnering + prequal)
Hi,I'm looking to purchase a vacation rental with a friend in Gatlinburg/Pigeon Forge area. I have a couple questions:1) What would be a fair way to split the deal with my friend. I would be the one doing the work (fi...
Sam Clemons
Where do you guys purchase your Appliance Packages?
Hey,Where do you guys purchase your Appliance Packages? Preferably in or near the Chicagoland area.
Frank Jennings
Restoration/Plumbing may force tenant out for awhile
I have a leak above the kitchen in a rental that's coming from the bathroom somewhere. It is leaking through the light fixture in the kitchen and dripping down. There is water damage to the ceiling and bulkhead. Conse...
Daniel Pitta
Looking to purchase a rowhome/owner occupied rental in Baltimore
My wife and I own a townhouse in Calvert county but we're looking to purchase a row home in Ridgley's Delight/Pigtown area, as my wife has recently opened a boutique in downtown Baltimore.
Our plan is to purchase a 3...
Satya Patil
How to fund major repair work on rental properties
Hi All,I would love to hear you experiences on funding major repairs on your rental properties. Two ways that I know are- Cash out refinance, line of equity. Are these the best or is there something out there?I only o...
Rick Fonseca
Appraisal
For the past month I have been driving around the valley looking for houses that seem to not be in the market as of yet. Found a couple of houses and I made an offer on one of them.The offer that I made looks like it...