Hello BP,My brother and I are starting an escape room in Peoria Il and are looking at commercial buildings to rent. We are trying to decide if we need a realtor to help us out with the renting process.  My brother and...

Hello All, New Member With A Question,I'm hoping to tap the collective wisdom about our situation.  We (myself and spouse) are relatively new to landlording, say between 1-2 years (5+ years if you include renting to f...

Is this typical in property management contracts for retail investors?
General Contract Language
- Broad language allowing PM to receive and collect fees from tenants so long as it doesn't explicitly conflict with s...

I'm currently leasing out my 2 bed/2.5 bath town home in a really nice area to my current tenants for a base rent of $950. I'm assuming they will not resign another lease because this will be the third resign should t...

Hello, I'm looking at purchasing a 10 unit apartment in Spokane Washington, but it has three shared water-boilers for all of the units. In order to make this deal work, I would need to be able to charge back the hot-w...

Good day BP!I have a quick question.  I have a 3 unit under contract and the local banks and credit unions keep telling me my loan is commercial, but it is a simple 3 unit. I have not run into this problem in the past...

I've read through the voter information guide as well as the text of the proposition on ballotpedia.  Section 3f states "To exempt the owners of one or two residential dwellings from any local rental control law."  Ne...

Hey All--Thanks in advance for the help, sorry I'm longwinded!  I have a duplex where one side is larger (4 bed/2ba) than the other (2 bed/1ba).I had some fairly new tenants move into the larger unit in Sept. last yea...

I'm having issues deciphering what this means and hoping the BP community could help me with this, or whether I should just consult a lawyer.Situation: Under contract to purchase a 4plex in Alabama. 2 units are curren...

Hi Everyone,I am VERY new to all of this.  We just purchased a double and my daughter will be renting the upstairs.  We closed a couple days ago and the current tenants were month to month with the last owner.  They a...