Anusha Udas
Selling 3/3 bedroom cabin to buy non-furnished 5/5 in Gatlinburg
Hello All, I have reached this decision making point and looking for advice. I have a very well performing 3 bedroom/2 bathroom cabin 5 minutes from downtown Gatlinburg. A great opportunity for a 5 bedroom/5 bathroom,...
Aref Shehadeh
What should a property manager be responsible for based on the % of rent collected fee?
I have a 4unit and have agreed on paying my property manager 8% of rents collected. My understanding with this is they are generally responsible for rent collection, tenant management, repairs & maintenance (small...
Luc Tran
Fire Recoverable depreciation belong to me or the contractor?
My rental home was damage by fire that started by the tenant. The insurance claim paid out a portion and the recoverable depreciation portion is to be paid after the work is completed. Does recoverable deprecation bel...
Ziad Hamati
How to record changes in property for resell
Hello,I have purchased a rental property that is listed on MLS as 2 BR 2.5BA.It does have an extra office space that i will be converting into a bedroom.I will also be adding a shower to the 1/2 bathroom.
I will be r...
John E Ceisel
Obligations to Tenants When Construction on Property
Hello,
When performing value add construction what obligations does the owner/landlord have to the existing tenants in adjacent units? For example, I have a duplex and plan to add 2 additional units. This will undo...
Account Closed
Can you something like a 1031, but to purchase notes?
I have a solid rental portfolio of houses here in Austin, but the cashflow is minimal compared to what I can get in multi-family or in the mid west. additionally, I'm looking at purchasing non-performing notes and tur...
Bruce Michaud
form for cancelling property management contract ?
Hello all,
I'm trying to find a form to use to cancel a property management company. Just something to get me started on the process.
Thanks all.
Patrick Massey
Seller Due Diligence: Qualifying The Buyer
I did a search on this topic and did find a topic with this idea in the description. My apologies if this was discussed previously. With the wealth of knowledge in the forum, I expected to find something similar.I a...
Kevin Barrett
Do these two get along: Financing & Wholesaling?
I have a lead on a $540,000+ house and an end buyer is willing to put down $100,000 in cash. I plan on putting it under contract myself and then assigning the contract to this end buyer. Is it possible to make the dea...
David M.
Need access to a Heloc
My wife and I rehabbed a property 6 months ago and rented it out way above what the mortgage is. Current Mortgage is $460 and the unit rents for $1500. We want to take a heloc out on it to pay back her parents who hel...