Lauren M.
Late rental payment & property management company unresponsive
I closed on a duplex at the end of November. I kept the management company the previous owner used. One of the tenants only paid half of a month's rent for December. I brought this to the property management company's...
Ken Rishel
Chattel Lending on Manufactured Homes and SCRA
This is an excerpt from a client report:Many chattel lenders are under the impression that SCRA does not apply to them based on materials published by HUD in which HUD disclaims any authority over the chattel lending ...
R Collins
Unknown HOA Fees
I purchased a vacant lot in a HOA located in South Florida five years ago. Before or after I purchased it, I never signed any agreement at all with the HOA. At the closing for the bank loan, I paid $228 for the yearl...
Alan Clark
Obligation to replace?
We had heavy rains for the first time since we purchased and rented a property to tenants. The roof leaked immediately above the tv and it was ruined. We’re having the roof repaired, of course. Are we obligated to r...
David Williams
It's NOT a bribe, really. Dealing with opposing agent.
I'm a commercial tenant in an 8 unit building with a short term lease. Someone is considering buying the building. I don't believe it's publicly listed.
I've been here many years and am negotiating with the long ...
Robert Lee
Floor heater broken, can I provide space heaters to tenants?
Hi Guys,Property is in Los Angeles, CAThe old floor heater has broken in a unit I manage and I was wondering if I could supply the tenants with space heaters for their unit. We are a bit reluctant, but not unwilling, ...
Edita D.
Late Fees: does your property management get to keep it all?
Hey guys!According to an agreement with our PM, they get to keep all the late fees that incur if tenant doesn't pay rent on time. Would you have accepted that paragraph in the contract?Thanks!
Patrick Soukup
Buying a Property that is Managed
I've been marketing to absentee owners, run down properties and properties with favorable zoning for some years now. It has been a great way for me to grow my portfolio at prices that make sense for my goals. I recent...
Jacob Vincent
Helping my father to exit an 'investment'
Hi folks, I'm here seeking advice. My father bought a property about a decade ago and just wants to get out of it and pay off his mortgage balance. The property doesn't seem to have appreciated, but there is potenti...
Oscar S.
DSCR Loan for positive cash flow
Hello everyone! I am somewhat new to real estate (there are several apartments that I successfully rent out) and I have a question regarding DSCR Loan . I have a fairly impressive amount for a down payment and I’m won...