Jia Lin
Mechanic's Lien Risk from Subcontractors - Cook County, IL
Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...
Percy N.
PA Rental Security Deposit Escrow
PA Landlord Tenant Law states:68 P.S. § 250.511b§ 250.511b. Interest on escrow funds held more than two yearsCurrentness(a) Except as otherwise provided in this section, all funds over one hundred dollars ($100) depos...
Pavan Kovvuri
Can I re-rent while current leaves the house after paying ?
My tenant wants to leave 1 month early and agreed to pay the last month's rent in full. Can I create a new lease with the new tenant while current lease is still valid ? If the property is rented, he asked to provide ...
Grant Wieczorek
Property management vs onsite personell
I think I am getting the hang of this, but it is still wishy washy in my mind. The on site people at a complex are going to do the day to day work, and the "property management" line on the expense line are the ones ...
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
Hey BiggerPockets Community!
I’m excited to share a bit about my experience purchasing and operating a laundromat. I’ve seen a few questions about laundromats as an asset class, and would love to share what I’ve lear...
Xochitl Cadena
Does Section 8 pays first and last month lease requirement?
I am wondering if any of you can clarify how you manage renting to Section 8 tenants regarding the rental required when entering the lease? I was under the impression that Section 8 pays first, and last month while th...
Dorraine S.
Tenant's Ratio of Rent to Income?
What should the percentage of the tenant's rent be to their income? Not sure if I even know how to ask the question properly. Sorry. I want to make sure the tenant can afford the rent. Should the tenant's rent be ...
Dexter Harris
DID I ANALYZE THIS RIGHT for CRE Multi Family?
Hello BP family, hope all is well with you and y'all families with this self-quarantine? I'm still learning how to analyze deals for CRE multi- families units. Wanted to see if I analyzed this deal right? I live in S...
Alex Smith
Banking and Book Keeping for Rentals
Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...
AJ Wong
How & Where to get mortgage loans for multifamily apartment complexes: 5-50+ units
I've noticed a lot of confusion and forum posts seeking guidance on 'commercial' mortgage financing for apartment complexes of 5+ unit up to 20-100+ units. Having supported several investor acquisitions of small balan...