Matt T.
What cutoff point do you use for Credit in tenants?
I just put my first unit on the market and I'm getting a whole range of interested parties. Many of the folks who seem like decent potential tenants have lower credit scores. There are many folks in the 600-650 rang...
Palani Willingham
House Hacking Fail
I recently bought a condo with the intention of converting it into a rental after a year of living in it then buy another primary and repeat the process. I used a real estate agent and told them that was my plan. Afte...
Samuel DeMass
National Lenders - The Unicorn in the room or is it?
Hey BP,I'm gathering financing options for my first MFH (6 or 7 plex) purchase.I've used both conventional and portfolio lending up till now, and feel comforable with it. However, I heard Jeff Greenburg mention that ...
Jon Rood
Screening Tenants
What is the best service for screening new tenants? I am looking for credit,rental history, and most important criminal background check. Am I right in thinking that we have to be objective when it comes to reviewing ...
Dominic Enea
1031 Exchange Options
Has anyone worked with this or any other TIC firm?
It is an interesting concept as they are regulated by both the SEC and the DRE.
Reagen Natho
Separating Days of a Booking Across Months for Taxes
Quick question! I have a spreadsheet on which I'm tracking all of my revenue & taxes that need to be paid. For tax purposes, do I need to breakdown a stay that goes across months?
Troy P.
Who is supposed to verify HOA legitimacy?
I purchased a home last year that had a "light" HOA which only covered lawn maintenance and common grounds in a small town home community. The seller sent the bylaws and restrictions (which were from the 80s) and the...
Gonzalo Escobar
Which quick books online for landlord?
I have 22 units, 3 multi-units and 8 condos that I own personally (no other investors). I have so far been managing accounting wise with a combination of mint.com, excel, and turbotax. I would say my biggest weakness ...
Drew Bledsoe
Seller failed to disclose
I recently bought a condo with the intention to rent out but after closing we found out that the HOA doesn’t allow rentals. Our realtor knew our intention to rent it out and said we’d be able to. Is there any action I...
Gerald Jarreau
considering purchase of condo with existing tenants
Hello BP users! I am wondering what questions to ask when purchasing a property with tenants already housed. I have an appointment to view the property but wonder when I could see the existing lease and how/when to as...