Makan A Tabrizi
Items in Common Areas
I'm trying to update my lease for a 5 unit in Colorado. I'm currently allowing tenants to use their own lawnchairs in common areas. I've never had any issues with this but a thought occurred today. What if another ten...
Jack Deer
Exceptions to Conveyance and Warranty.
I'm looking into buying a property, and while doing some title research, I noticed that the seller's "General Warranty Deed" says this:
Exceptions to Conveyance and Warranty:
Any and all liens, covenants, conditio...
Dave Ketcham
Property Management Agreement language
I would appreciate some BP wisdom on this. We just bought our first property in Missouri and the PM agreement includes the following two sections that are troubling -- we haven't seen this language before. It se...
Anthony Drew Gary
HOA Rental Restrictions?
Hi, BPWife and I are looking at a condo for a buy and hold scenario. The homeowner's association language restricts rentals and reads:No more than twelve percent {12%) or seven (7) of the Condominium Units may be lea...
David Zimmer
HELOC question - notify bank before using it for investment?
I recently closed on a HELOC and noticed verbiage in the contract that I was required to notify the bank if I plan to use the money for investment, rather than for personal use. Is this common? I assumed the money was...
Amit Saini
Does putting rental property in LLC help with lowered taxes?
Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subj...
KEVIN FLYNN
"As is" after home inspection?
Is it common place to sign a contract that states "As Is" after home inspection? Do I have any recourse if anything is broken on day of walk through? Thanks!
Ann Downer
Managing tenants who speak a different language
My husband and I are closing next week on our first rental property, a duplex, with inherrited month to month tenants. We speak only English at this time and the tenants speak Spanish. Any advice or apps to recommend ...
Bill Tyler
Illegal Rent Increases Before Lease Expires - Texas
I have a manufactured home in a MHP in Texas that is on a leased lot which the lease expires the end of February 2019. The MHP sold in September to a Colorado company that has a really poor reputation for their busin...
Bobby Esposito
Closed on my first deal!!!!!
I could not be happier sitting down to write this post!It has been about 9 months since I started listening to bigger pockets and finally on August 6th I closed my first long distance deal!A little bit about myself. I...