Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Christopher Freeman
Planning for Your Seller to Die Before Closing
Okay, so now that my subject line has caught your attention...I'm trying to work out a proof of concept on real estate transactions that may be affected by the seller's end of life planning.(Somewhat) Hypothetical sce...
Matt Faix
How Much for Lease Breaking Fee
We have a tenant that want's to break their lease and in our lease it states that they owe one month rent as a penalty. However, for this property the utilities are included, so the rent as single amount. This tenant ...
Kevin Branin
Registering as Foreign LLC in Georgia...Only hold rental property
I'm under contract for a SFH rental property in the state of Georgia. My LLC was formed in Pennsylvania. Georgia has ceratin exemptions from required filing for LLCs and one of them is: making loans or creating or a...
Jeremy E Van Dam
Partnerships and Legal Entities
I am curious about the best way to structure a partnership between multiple parties. For example if you have three people pool money to purchase a property, and then they want to use the profits from the first propert...
John Morris
legal advise Tenant voucher was retracted without proper notice.
Can anyone recommend a lawyer to recover unpaid rental fees? I am in the Maryland Prince Georges County. The amount is under $5000 with out penalty and late fees. Is it even worth the trouble or expense of obtaining l...
Leo Rodriguez
Multifamily Property Maintenance
Hello BP users,I recently did an update in my multifamily apartments with the building department permit, and on the process they told my contractor that I needed a maintenance person to be registered with them in ord...
Megan Arzt
Seller backing out of a contract
So I just found d out today that the seller of the duplex I'm under contract to purchase is terminating the contract. They don't have any contingency to legally do so. I've already had the inspection and the appraisal...
Eduardo Bravo
Buying multifamily with a non-confirming unit seattle/kent area
Hi BIggerPockets friends,
I'm in contract to buy a 2.5m multifamily with a non-confirming unit in the seattle/kent area. The building is being marketed as a 13 unit, with a decent cap rate of 6%, however, after look...
Camie Stephen
Property Management Fees
Hello All! I am curious as to how the property managers out there usually structure their fees. What is included in the monthly fee vs what incurs add'l fees. For example, processing an eviction takes time and cour...