I have a tenant I inherited when I bought this 2-Flat in July 2013 in Cook County, Illinois.  She has 3 kids and has been a good tenant so far.  Timely rent, no damage, no excessive complaints.  Police called me today...

Hi. I would like your advice and experience. Does a new one-apartment rental business need all 4 accounts/funds?  Can I put a security deposit in the operating account until it is returned to a tenant instead of openi...

 Last year, I switched to a very real-estate-savvy CPA in old (as in old money) Pasadena. I sent him my 11 HUD statements for this year, and I asked if someone in his office could help me enter one of them into my...

I've driven past some empty apartment buildings on a trip a while back.  It didn't cross my mind until now (since I haven't ever considered investing in apartments) that maybe I should have done something about it.  R...

My journey began during the pandemic of 2020, when I found myself burdened with debt and a credit score below 500. Fortunately, I had recently started a new job in an essential field, which provided a minimum wage inc...

We had a leak from a recently installed dishwasher due to a failed hose connecting it to the water supply. That is my handyman's diagnosis and he has installed a new hose, fixing the leak. The problem is that the leak...

If I'm getting calls from only 1 tenants about drug activity, or people living in a unit not on a lease, what is the best way to proceed? Do I out right go and ask fellow neighbors in the same apartment building if th...

Dilemma...I have an S-corp. For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distri...

Hi everyone. So today at 9pm I received a email that the tenant was terminating their lease. They have been renting for a few years from me and we recently went month to month with the agreement that I receive 45 days...

Greetings,My wife and I (and our young son) owner-occupy a duplex,  and we have a tenant (family) next-door who we inherited when we purchased the property last year. They are presently on a month-to-month lease, and ...