Craig S.
Lease Agreement Question - New Property Purchase
Hello, I am purchasing some apartment units with existing tenants and leases in place. When I acquire a new property, I have the seller give me a lease assignment agreement, assigning the leases legally over to me. Th...
Gary Thao
Acquiring fourplex, what happens to existing property manager?
I will be closing soon on a fourplex with 3 tennants and I will be occupying one of the units. The previous owner currently has a property manager managing the three tenants. I was planning to start managing the units...
Nathan Stanley
🤢Supplemental taxes?? How much can I expect the bill to be??🤮
Quick questions- What kind of taxes and who pays?
Senario-
Family #1 buys at $700k in sunny California🏝in 2015. Family #2 wants to come in and buy at the new property in 2021 valued now at $1m. Family #2 now needs t...
Manco Snead
How Switch Property Managers with Short Notice
Greetings,Looking for some advice on how to do a quick property management switch. The agreement with the current property manager requires 2 months notice for termination by me. For various reasons I want to switch ...
Jithesh Prabhakar
Outsourcing a Laundry
We have our first investment property under contract. Its a 5 unit multifamily property in PG County, Maryland. We are financing 75% through a local bank.
Currently there is one washer and one dryer ...
David Gibrael
Dadson Laundry Contract
I own a four-plex that has a contract with Dadson Laundry that carried over from the previous owner. The contract was supposed to expire back on April 30, 2024, but they still haven't removed their machines despite th...
Noah Schulz
Seller asking for November rent from tenant after closing
Hi guys,We are kind of a unique situation. My wife and I recently purchased a duplex (first house) and are currently house hacking and happened to have a tenant already renting. The owners of the duplex hired a proper...
Kyle Myers
How to proceed with legal property management issue in Colorado
I'd appreciate any advice on how to proceed on a matter that our previous PM is taking us to small claims court for. We own a rental property in Colorado and our previous PM is taking us to small claims court for 10%...
Kiersten Vogt
Inheriting Tenants | What happens with the security deposit
Hello all!I've already learned a valuable lesson in investing in small mutlfiamilies - including what happens to the security deposits in the initial offer.We close on a duplex next week and I was under the impression...
Gabe N.
Tenant can pay rent but not deposit
Hi, I'm new to landlording but thanks to BP I think I have a pretty good handle on the basics. What this situation is though, is somewhat unique. Here's the story:So I purchased this property with 3 tenants already in...