Michael Mignogno
Who is responsible for destruction to property, the PM or Owner
Hello Everyone, Recently in one of my STR homes, the tenants cause major destruction to the property. It looks like they rented it for 2 days and went wild. Holes in walls, broken bathtubs, smoking weeds in the hous...
Nick Gray
Maintaining Responsible Capital Reserves
I'm a 26 year-old real estate investor from New Hampshire and, as I grow my current 22-unit multi-family portfolio, I need to ensure that I maintain sufficient capital reserve funds. Under usual economic conditions, h...
David Moon
Insurance for Flips
I've read a lot of the discussions about this topic, and still feel the need to know the following. Cut and Dry.Do I need ACV or RCV?Do I have coverage up to my loan amount or up to my ARV?Do I need builders risk AND ...
James Palassis
Deducting Expenses Before First Purchase
I am planning on purchasing my first rental property within the next 6-8 months. Right now I am leaning on purchasing in my name without going the LLC route at this time. My question is... since I will incur expenses ...
Steve Bruza
How to properly use my LLC
My wife and I have a member managed LLC for about ten years. We own two rental properties in the name of the LLC and we own 10 more rental properties in our personal names. All of our properties have mortgages on th...
Carl Petterson
Tenant jacked up the toilet, do I charge her?
I have no idea how, but somehow my tenant moved her toilet half an inch. She either hit it somehow, or pushed it, or super hard plunged it, I'm not sure. But every time she flushed it, the water would rush/leak into t...
Ty Smith
One Tenant Abandoned But Other Wants to Stay
Hello. I have been a landlord for a few years now and am running into an issue I have not come across before. I did the appropriate screening (background check, credit check, confirming with employer that they work th...
Luis E Luciano
HELP Removing a Lien before I get a Buyer
HI Biggerpockets Community,Anyone has ideas on how to remove an Involuntary Lien (Gas) on a Property. So, I walk my dog around the neighborhood and found this house with a For Sale by Owner sign in an up and coming ne...
Matt Rathburn
Owner Finance Deal Went Bad - Can Orig Owner Deed me Property?
Hi everyone, I have a quick question I hope someone can help. I found a distressed property owner, Regina, who a few years ago entered into an agreement with a guy, we'll call him Mike. Regina agreed to sell the prope...
James W.
Getting sued by tenant for fall on my commercial property
I own a commercial property in a LLC and back in 2014, I did some renovations on the building. During the renovation, one of my tenants claims she tripped and broke her hip on some loose gravel that was displaced by ...