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Hello everyone! I just have a question on ending month to month lease. I am giving my tenants 30 day notice and letting them know that I'd like to end the lease. I sent that information via certified mail but I think ...
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Hi BP,Need your advise on this.I recently decided to buy a 2 family forclosed house in North Jersey. Signed the contract and put a $2500 earnest deposit down. Also spent another $700 on inspection, tank sweep and appr...
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Hello BP,Trying to figure out what my local law says for lease termination, vacating, and evictions. See below excerpt:48401. Noncompliance with Rental Agreement; Failure toPay Rent.(a) Except as provided in this Act,...
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In general, what is standard operating procedure for terminating a lease early?I've seen it where 60 days notice is required, tenant pays full amount for the month they terminate in and forfeits their deposit. HERE's ...
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We acquired a new multifamily property in the height of covid this year with a handful of tenants paying extremely under market rent (read, less than 50% of current market rate). The tenants in question are on a month...
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Bought a house in Florida last sept to STR and signed a contract with a property management company. Company has consistently fallen short of performance, communication and their accounting is a mess leading to unexp...
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Hi all, I have a tenant requesting a 60 day early termination clause be built into her 12 month lease. I am applying for Helocs and am concerned this may affect the loan process in their determination as to how much t...
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Signed second year team in June for another year. Tenant called explaining they have bedbugs and roaches. I agreed when they renewed the lease I would be willing to spray for roaches if they would clean their house to...
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Hello fellow REIs,I have a quick question on Earnest money check deposit on a property in Texas. Per TREC contract, Earnest check has to be deposited within 3 (business) days. My question is - if the contract is termi...
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Q: How do I break my buyer's representation agreement (BRA)?A: The quickest answer? Don't sign one! Haha.Seriously, though, I get a few calls every month from an unhappy buyer who signed a BRA in DFW. They feel like t...