Account Closed
Screening existing tenants
Curious what the rule of thumb is on screening existing tenants. I currently have no background, credit checks or employment verification for 4 different inherited tenants. We're slowly repositioning the property from...
Warren Marshall
Our First Airbnb Eviction! Much smoother than expected.
Last week we had a husband, wife and their 8 month old book at our airbnb. Currently due to Covid our province (Alberta, Canada) has very strict rules such as: - No public gatherings indoor or outdoor. - $5000 fine ...
Victor Andrade
Due on sale clause - Transferring property to LLC
Hi everyone,I am in the middle of a dilemma, and cannot find anything online or anyone that has gone through the same situation.I have three properties, all in the same state (not the same state I live), I have conven...
Jered Noland
To form a LLC or wait?
We have reached out to a couple of local investors and we are getting mixed thoughts. One investor suggested to form a LLC and buy properties through a business. They said it would protect us if things go wrong. The o...
Nathan Gesner
Legal question concerning LLC name
I am preparing to set up another LLC. I came up with a name based on a Bible verse that has to do with financial wisdom. I searched my state and the name is available. However, I did a Google search and discovered the...
Julio Gonzalez
The Home Office Deduction
The tax deadline is just around the corner and you want to be sure you don’t miss out on the Home Office Deduction! While you may not see a huge tax deduction like you would with cost segregation, energy credits, bonu...
Jessie Dillon
Another layer of protection in an EQUITY PARTNERSHIP?
FOOD FOR THOUGHT FOR ANYONE CONSIDERING GETTING INTO A PARTNERSHIP THIS YEAR: partnerships can be scary! unless you have an attorney involved that you know and trust, who has tons of experience with real estate / busi...
Deke Belden
Can landlord do major repair with tenants in unit?
Hey BP community, as a landlord (but very new one) I have been asked a question by a friend. He moved into one half of a 3 BR duplex a few months ago, and the landlord has been VERY slow at dealing with utility issue...
Charles Heyward
Homebuyer’s checklist before purchasing a new property
I have seen many homebuyers land into trouble when taking emotional decisions in buying property. They purchased the house just because it appears stylish and cozy but did not pay attention to dust coming from an agri...
Jessica F.
Sample Notification to Tenant of Late Payment Due on Rent? Certified Letter?
Rent is due on the 1st of the month. The lease allows for a grace period up to the 5th. The lease also states that after the 5th, there is a $25 late fee and after the 10th of the month, there is an additional $25 lat...