Ashley Toombs
Investing while on severance pay
My company is offering 52 weeks of severance pay and benefits and this would be an amazing time to launch a true real estate business. We have one condo currently. I have been told by my mortgage broker it would be di...
Andrei Stegger jr
Rent severely under market value
Hello everyone, I've recently inherited 17 properties:14 rented average rent $6003 houses vacantSection 8 payment standards average $1353What would be the best way to increase rent? because current rental income is ba...
Sharad M.
Homeownership % at several years low
Hello all,Without making this a political discussion, are any of you guys concerned about the long term down trend of home-ownership %? Per some analysis, home-ownership % will be around 55% from 62-63% right now in n...
Alex Rodriguez
Tenants son severely damaged unit
Hello everyone, I just acquired a 4plex in Sacramento California which has a unit that has had the renter in there for 10yrs current rent is 900 Market at about 1500-1600. During the inspection It was obvious with the...
Jason R.
HOA Rules Violated Several Times
Hello all,
I have a question that I'm sure some of you may have come across over the years. I have tenants who are only on their 4th month of the lease that I have had to reach out to already about HOA violations. T...
Evangeline O'Dowd
Umbrella policy in several states
I am looking for an umbrella policy that covers my rentals in Florida, Alabama and North Carolina. Is there such a thing? Or do I have to get a policy for each state?
Nancy Beltran
Jointly and severally liable agreement
Hello:
Asking for advice. As a landlord, I have a 'jointly and severally liable agreement' with 4 tenants. The lease is about to expire end of April. Half of the tenants want to move out and the other half wants to s...
Cole Puterbaugh
3-unit mfh severely underappraised
Under contract for a 3-unit mfr in Cleveland. My first purchase. Purchase price is 177K.Appraisal is 138K.I cannot make up the difference with cash since I'm already at the top end of my purchasing ability.Is ordering...
Cal C.
Joint and several 'liability' clause
@steve babiak mentioned the joint and several clause in another post and it seemed like a good topic to discuss.
if you don't have this clause in your lease I would strongly recommend it. Here is a definiti...
Quinton Sanicola
Severely Damaged Properties in Huntsville
Looking to connect with as many realtors and brokers as possible in the Huntsville, AL area. We have about 20 doors in the area as of now but we would like to expand that fo 50 by spring of next year. Property manager...