No Name
How Do Finders Fees Work?
If I had an investor who was willing to pay me a finder's fee for a property, how do I go about collecting the fee? Do I wait until the closing? How will I know if she actually buys the property or not besides seein...
Gulliver R.
Collecting rents from mobile home park tenants
To experienced park owners,
What is the most convenient and most effective way to collect rent from mobile home park tenants?
The reason I ask is because I'm looking to buy a mobile home park and I currently have re...
Amy Zemser
Collecting First, Last, Security
Hello Landlords, I have a student rental in upstate NY and had a question about early security deposits. Students are on an academic calendar, and I always secure my students/tenants during the month of February for a...
Joseph F.
To Lien or not to lien
Buying a property cash using hard money. I will issue the lender a promissory note outlining the terms of the loan. I have outstanding a Federal Tax lien that I am trying to pay off. Should I lien the property ...
Eugene Mar
Title company closes deal when property is foreclosed.
Hey everyone, I've got a really good one here.My property was sold for 42k and net proceeds came out to 35k. The Title company did all the work with a warranty deed and Title insurance. Funds were wired to my accoun...
Mark Yuschak
Breaking the mindset of the Security Deposit covering the last month's rent
This is something I routinely struggle with in my rental business. Nearly every tenant thinks their last month rent is to be covered by the security deposit. Each time it comes up, I have to school them about what t...
Ki Lee
how to reconcile tenant credit/balance on closing
Scenario - 4 unitsUnit A - rent $500. Paid on time 0 balanceUnit B - rent $500. Did not pay. $500 balanceUnit C - rent $500. prepaid next month's rent - $500 creditU...
Ahmed Nijim
Cancelling the realestate sale agreement
If a seller want to cancel the sale of his house, for any reason does he have to pay the buyer agent, not the listing agent , the buyer agent that have brought the buyer into the table? The reason is that he decided h...
Matthieu Benoot
Tenant breaching contract, what to do??
I have a tenant that signed a year contact 2 months ago, she just let me know that she wants to breach contact. I don't really want her to breach contract. I'm thinking about having her pay until I find a new tenant, ...
Robert K.
Getting free house with Tenant...help!
Hello, my uncle is 89. He is deeding a house to me that he owns & collects run on. It's paid off and brings money in. The tenant is an older woman has been in it for years! Like 10 or more years and not trying...