Mark Coogan
handling security deposit for potentially litigious tenant
Would appreciate help on this one. I recently acquired a property where a dirty tenant of 2.5 years had to be removed prior to close as part of the contract. Ultimately, the tenant ended up moving after the close. T...
Ferdi Eruysal
Contractor started working even though I didn't accept bid
I want to pick your brain for an interesting situation.I lived in Chicago for 11 years. I am currently living in Texas. I bought a single family house in Chicago suburbs via a real estate agent almost a month ago. Aft...
Ellen Womack
When is a Lawyer Needed
Anyone who could answer this question, please feel free to chime in. I am in the middle of evicting a tenant for non-payment and also trashing my property. I was told that it is never a good idea to appear in an evict...
Account Closed
collections vs small claims court after eviction of dead beat tenants
Hello,
A tenant was recently evicted because they stopped paying a few months into the lease. They came from out of the city/ state and I believe that is where they returned to. The eviction was uncontested and has b...
Matt Powell
How to structure deal with private investor for buy/hold?
Hi all,Short background: I'm looking for my first deal - a buy/hold - and plan to get a conventional mortgage (Fannie/Freddie) because my only conventional currently is my primary residence.I can't seem to get my head...
Dave K.
Questions Re Lease Doc STL-Gross So Cal AIREA Forms and process
Questions Re Commercial Lease on STL-Gross So Cal and on AIREA FormsHello,I'd like to ask about a Single Tenant Lease – Gross and some questions related to change in tenants.I currently own a free standing building in...
Loc R.
(Messy) Potential Deal
I found a seller who bought her SFR in 2005 (top of the market) for $450,000. It's probably worth $425,000 in today's market.
Did some homework, and no other liens appeared on the title BUT get this: apparently the...
Benjamin Richards
Found out new tenant has criminal charges pending
So this is great. I just accepted a family in our condo with great income and credit. Credit and background checks passed. But now my wife found stories in the news that the guy is facing felony charges surrounding hi...
Mark Douglas
Please HELP!! Property Management Nightmare
Happy New Year eveyone...I hope that someone can help me with a nightmare I'm dealing with. I have a Property Management co for a rental that I have in Arizona. The tenant skipped in Sept with 3 mos left on the leas...
Brian Kempler
Mandating subscription to credit repair service
I would like to require tenant buyers on a lease option agreement to subscribe to a pre-approved credit repair service (stated in the agreement).Is such a clause legal? If not what issues might it face and are there w...