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What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
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Has anyone ever offered a very small incentive to tenants so that they actually report necessary repairs to management company before the small repair becomes a real problem? (ie. leaking toilet, leaking rook, electri...
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Does anybody know if $350 is a good price for an inspection? I live in Joliet Illinois. (Near Chicago) but do inspection prices vary by state, size of house, or just the inspector?
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Looking at how to improve my DTI for next purchase and noticed that the mortgage payment on my credit report includes full escrow (taxes/insurance) which is significant at $1,200. Since its on my credit report it will...
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Is there a good company that will allow me to run a back round check on prospective tenants ? Is it normal to do a criminal back round check on prospective tenants ? We have pulled their credit reports and the c...
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If there are any BP Tax Professionals that can help I would really appreciate it - my accountant isn't sure on this one. I've made a blunder in not comparing the 1099 from my Property Management (PM) company to the ...
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Hi, I am working on purchasing my first multi-family investment property (4-units or less) in which I will be owner-occupied. I am needing to receive $200,000 in gift funds from my parents to add the down payment to m...
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Would like to ask some of the seasoned investors/landlords which are the best websites you use to conduct background checks for potential renters and why ... Thanks in advance! :)
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I am managing our first property by myself for the first time. I am doing it "by the book" - Brandon Turner's book. Rent is $1500/month for this SFH. I have two applicants (single mom and a couple) who seemed grea...
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Hi BP, outside the obvious benefits we enjoy as landlords/investors I find it extremely rewarding to help people in different situations by providing safe and viable housing options in a pricey and competitive market ...