Account Closed
Selling house with a financed roof that has not been paid off yet
I've been playing with the idea of selling my house, and I'm sure this is a very basic question but I was not able to find any answers on the BP forum or on Google.Last year I got a 10 year loan to finance a roof repl...
Kyle Pallanck
Tenant Personal Property damaged by Water Damage
I recently came across an interesting situation and being a future landlord I was hoping someone would be able to shed light on the situation.Multifamily Property:There is a two unit duplex with each unit stacked on t...
James Conaway
General Practice for pest control in apartments
I have a 4plex in Phoenix, AZ that a tenant is complaining of cockroaches. What is the general best practice/policy for dealing with pest control like cockroaches in a shared building like a 4 plex?Does the Landlord p...
Rebecca B.
What to include in 3 Day Notice to Quit or Cure in Iowa
Here we go! First month's rent rent up front. Second month's rent paid on time. Third month an email to say it would be late. Paid four days late but they didn't pay the late fees. Fourth month was due yesterday. Not ...
Brian Kieser
Bed bug Clause
New Landlord, and considering a bedbug clause to the lease. Heard it is something good to get into the lease, and that tenant pays if they bring in bed bugs during their lease.Does anyone have a clause that they are ...
Ray Jhala
Vacant Property without HVAC - How to keep pipes from freezing
Hey BP!
I've got a property that I am rehabbing and our timeline unfortunately got pushed back into the upcoming winter months. The property is currently vacant and does not have an HVAC system installed. We have a ...
Theo Carrazco
Eviction versus Foreclosure, which is worse?
Friends, I came across an ad, on Craigslist that made me think. The ad was of a modern home in a decent area. Of course, the rent was inflated but not by much. The ad listed renter qualifications, and explicitly said...
Kendall Vrana
Anyone include Toilet Policies in their lease?
Hi, all-- We had an issue with one of our rental properties regarding the brand-new toilet that we installed about 3 months ago. We suspect foreign objects (feminine products, q-tips, makeup remover cloths, etc.) may ...
Jeremy I.
How do you fire a contractor and avoid a lien?
BP,
I'm working my first flip and it's been an adventure! I've learned a lot and now I need to consider firing my contractor. What documentation do I need to fire my contractor? How do I prevent him or subcontractors...
Tony S.
Help With 18-Unit Deal
Hi Guys,I'm in talks with a seller to purchase an 18-unit high quality apartment complex. The only issue stopping the deal is that the seller does not want to pay the tax obligation on their long-term capital gains. ...