Herm M.
How much can someone charge on a loan mod?
A lot of us short-sale flippers have the same goal: to find as many listings as possible. But we all run into people who aren't willing to short-sale their property, and they would like to attempt a loan mod.
I haven...
Account Closed
tenant wants to stay for 3 years+, what to do?
tenant intiially voiced they wanted to stay at least 4 years due to the school district before signing. we are almost through year one with them, and will need to restructure our lease in a few months. they have been...
Kenneth Davis
Any ideas on offering discounts to attract better tenants and are there any limits to types of discounts?
Is it illegal to offer discounts of say, like a $25.00 discount for people who have good credit, discount for having held the same job with the same employer for over a year, a discount for not having any criminal rec...
Greg Wilkins
Tenant victim of identity theft
My tenant reached out to me this morning stating that she has been the victim of identity theft and her bank account is currently frozen. Rent is due on the 1st and late after the 5th. She requested that I use a por...
Ryan Esposto
Hired a Prop Mgmt Company, failed to collect correct deposit amt
- Hired a property management company in May 2011 to manage my rental property- Typical management agreement between me and the company, included clauses saying that 1) they would collect a deposit equal to one month'...
Christine Mwai
Increasing rent...
Hi all,Please give me any on all thoughts on the best way to approach or inform tenants about a rent increase. The house is currently rented under market.......I did increase rent with the last lease...by 6 percent.Th...
Kevin Tornes
Newbie from Chicago, IL
Hello BiggerPockets!My name is Kevin Tornes. I was born in beautiful Colorado Springs, CO, but moved when I was very young because my father was in the Navy at the time. My family moved across the US over the next 10 ...
David A.
Are we biting off more than we can chew for out first BRRRR? Any tips?
Background and Current SituationI currently own a home in Clovis, CA with $472k owed on a $487k mortgage. My total payment is $3500 (including escrow); it could rent for around $2700. The property is in a prime locati...
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
Maciej G.
Tenant threatens to sue me for $20 000
Hello everyoneI am relatively new to being a landlord and today I had very unusual situation that I don't exactly know how to tackle.I own a 3 story building with poor attic insulation and during the summer the attic ...