Michael Tucker
Efficiencies in Managing a Moble Home Park
Hey BP Fam,My partners and I are under contract with a Mobile Home Park in the Eastern Shore of Maryland. The park has some vacant lots and an onsite manager that lives rent free. Right now he collects payments in cas...
Pat Bahn
Has anyone analyzed the balance sheet of Equity Trust Company?
I'm not much of an accountant, not like a real CPA but, i was wondering, I went and looked at opening an account at Equity trust company www.trustetc.com. SO as part of due diligence, I asked them for documentation a...
Luke Grogan
Due Diligence on Renter Occupied Home Purchase
Help Please!When evaluating a home purchase with a current renter in place, what are some must-haves during the DD phase? Also, what red flags should I watch out for? There are elements of the deal that make it a litt...
Mars Dauer
First time LL looking for lease agreement (CAR?) w/ Early Term
Hey everyone! I am hoping someone can point me in the right direction for my first Lease signing. After some research I have decided to have a move-in fee over a sec. deposit however I want to protect myself from earl...
Account Closed
question about who owns and controls deposit bank account
Hi, have just purchased a 60 SFR portfolio.my question is:Do I allow prop management company to open and control bank account for deposits that I draw from(and they also have draw access) or do I open my own account a...
Brandy Carter
Tenant early lease break
So I have a tenant that I formed me she will be breaking her 1 yr lease agreement after 4 months in. I purchased the bigger pockets package for the rental lease etc. and I’m trying to find what my options are as far a...
Noam Birnbaum
What property management tasks should happen right after closing?
Hey folks,I'm preparing to close a couple deals in the next month, and will be immediately putting those units under the care of an outsourced property manager.All the R.E. books I've read talk a lot about the purchas...
Forrest Hayashi
Should I just forget about this deal?
Hi BP'ers,
Recently came across a packaged deal in PA (1x 4units + 1x 5units) where the seller is adamant about selling it as package rather than selling them individually. I am very interested in one of the building...
Lisa McClease-Kelly
App for tenants to apply for housing.
I remember an app being talked about on one of the podcasts. The potential renters pay $40 (or so) to have a credit and background check run. Can anyone help me with the name?
Joshua S.
How does one buy a rental occupied by a Section 8 tenant?
Hey BP community,I have a client that is looking to buy an occupied Section 8 rental in Portsmouth, Virginia, and keep the current tenant. Does anyone know what the process is when buying a property is already occupie...