We have a tenant in one of our SFH, moved in last December, and has paid late EVERY SINGLE TIME (with the exception of the first month.)  He pays the $50 late fee without complaint.  He asked to move his pay date from...

I own a unit in a small condo-only building in Chicago. I am interested in moving out and renting out the unit for extra income.

Currently, our building has no rental restrictions in the governing documents but all 4...

Hey BP!When a tenant is living in your property under a Lease Option/Purchase contract...are you, as the homeowner, still responsible for repairs and maintenance? Or is the tenant responsible since it potentially will...

Hello,
I have a question regarding what information is best to disclose in the agent only remarks section of the MLS listing when listing a short sale flip. Do you note that it is an investor flip? It seems to cause...

My recent purchase of a triplex came with three tenants, and they all have leases expiring in May, August and October 2015.  The lease is a one page lease mostly focused on how much rent and little other details.Now o...

Hello BP,

I had a fridge fail recently and it made wonder how others handle similar issues. It dawned on me that a fridge failure could cause a substantial loss. E.g slice of wedding cake has to be thrown out, never ...

Had a chance to go to the Self Storage Convention in Las Vegas this past week.  Although there were many things that interested me from the vendors and the conferences, the best one was an "Asset Protection" seminar I...

Minneapolis is going to vote on adding regulations to people conducting short-term rentals in the city: http://www.startribune.com/minneapolis-city-counci... I haven't read the language but I wonder how they are going...

I have found a decent deal which I am deciding to flip.  It is a short sale (price approved) and when the bank realized that the buyer (me) was also the agent, they turned around and said that they would not be paying...

Interested to know how the Coronavirus stimulus package helps you as investor. Also, tenants can’t pay rent and investors can’t pay mortgage. Is the real estate market going to crash again? Worst than the last one?