Ashan D
Enforcing Contracts via Late Penalties
From what I've read, it seems the #1 problem with contractors is not getting the work done when they said they would. Well what if penalties were built into the contract, so that for every day work is not completed pa...
Lionel Quiambao
Interpersonal Complaints and Delegating Trash
Hi everyone!
So I'm closing on my first property next month, which I will be renting by the room on a medium-term lease, and I would just like to know: Do you ever receive complaints about tenants leaving the shared ...
Ben Bradley
Core 4, no I need a Core 6 in NC
I am Hyped and ready to start making moves. I have been absorbing as many of the BP podcasts as I can and reading all the books I can on this. I need to build my Core 4 (well actually I think a core 6) I need. I have ...
Todd Krzeminski
Property Management fee on Unoccupied?
I have two properties that are currently vacant. My property manager is still charging me the PM fee, which was a surprise. 10% of zero rent is zero. The management agreement does say 10% or rent or $75 whichever is g...
Wesley W.
Costs of failed transactions
Hello All,Well, I've had two small multi-family deals fall through over the last 12 months (I'm the buyer) over inflexible/unmotivated sellers after very unflattering structural inspection results.I can't help but fee...
Vee Vu
How should I structure a FLIP joint venture with GC?
Hi everyone, I'm planning on doing my first flip, and I don't know much about renovation. I found a good GC with great references. He agreed to help me out if we split the profit (70% to me, 30% to him). I will put my...
Marco Harris II
Financing Quagmire
OK here goes...
I have a foreclosed 3 unit property under contract to purchase for $35,000. I qualify to receive a 5 year forgivable grant in the amount of $36,000 (33,500 from my employer, and 2,500 from Ba...
Jen Anderson
Building Department Violation Notice
At the beginning of the pandemic I received a violation notice from the city of Parma, OH regarding some external work that needs to be completed for my rental property. We were given a grace period due to the pandemi...
Rick Santasiere
Tenant Screening without SSN
Good evening BP Community! I am a property manager in CT, and have been doing so for 5+ years, and this is the first time where I have experienced the screening of a potential tenant who does not have a SSN. It appe...
Avi Garg
Few questions regarding an established SDIRA at Equity Trust
I have a leveraged property in my SDIRA (at equity trust), a note and some cash. My questions are:1. For Equity trust, I need to send a deposit coupon every month with the rental check. Is there any way around it? I a...