Chris Koch
Lease Renewal during COVID... What would you do?
SFH rental purchased in June 2018 with new tenants on a 2yr lease at $1300 with 3% annual rent increase. (Lease specifies 3% annual increase with two year lease or 2% annual increase with three year lease.) Increased...
Dumisani Thomsen
I have 650K in equity. What's the best way to access it?
My goal next year is to double the amount of units that we have ( 8 to 16 minimum). Our focus is on smaller 2-4 unit multi-family properties, but I'm not opposed to getting a larger complex. I'm trying to figure out w...
Patrick Brodeur
Heloc or refi on 4plex from march
I bought a 4 plex in march, at 4% have done a significant amount of work: new roof, new ac/heater in one unit, and completely redid a whole unit. Is it worth getting reappraised now? would this plus the increase in th...
Amy Barriault
Rent question: year to year, vs 6 month, vs month to month rental
How much more as a % increase of a year long lease vs a 6 month lease vs month to month rentals? Currently, I have tenants that have just come off a year long lease wanting to know what my 6 month lease options and m...
Josh Southern
Can a new owner terminate a lease upon purchase ?
Looking a at nice muti-family.The good:One 3/2 house with 3.5 year tenets that are month to month right now.Two 1/1 apartments over a 4 stall garage (which is not used by tenets)The bad: after showing but before I pu...
Ray S.
Spouse failed Background Check
I have a Renter living in one of my properties in Houston, TX. Dad, Kids and Pets are on the lease. Dad has been a very difficult tenant due to having new pets without informing, not maintain yard etc... and other i...
Logan Allec
SoCal Investors - LA, SD, OC - what's the best multi-family market of the bunch?
I'm thinking SD, if only by process of elimination, since (1) LA has rent control and (2) OC doesn't have very much apart from the less desirable areas of Santa Ana. Would love to hear thoughts from experienced SoCal...
Wendy Li
Options? tenant legally cultivating marijuana
Our property is in MI but we live in CA so it's hard to keep track of the tenant. We recently visited and discovered that they have been cultivating marijuana in the basement. They were growing and dispensing mariju...
Tom Hall
what state is worthy investing?
How to figure it out what state is worthy investing? i know it is a board question, what I mean is look at Brooklyn NY people bought houses 15-20 years ago dirt cheap and now they are millionerds or Jersey city NJ peo...
Cory Benhardt
Security Deposit for inherited tenants
Hi BP, if you inherited a tenant & their lease was up & you gave them an option to renew but at current market rents, would you increase their security deposit to reflect the new market rent or keep the securi...