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Tenant Claims He Smells Mold
I have a tenant has allergy problems. He moved in a week ago and immediately after moving in he complained about not being able to breathe because "the air ducts needed to be cleaned". After running the HVAC for a ...
Dave Versch
Problem making an offer on an REO
Hi. I'm considering making an offer on my first REO. I'm having a contractor come out to take a look and give me an estimate of what it would take to get the CO and make it tenant-ready. If the numbers are reasonab...
Adam Simpson
First Rental Property - Thoughts?
This will be my first purchase so looking for any feedback from the community.Ask - $50k - started above 70k. Assessment well over 100k. Homes in area 130k+. Needs - probably 15k in immediate repairs, another 10k in v...
Gary B.
Tenant take advantage
Hi Fellows,i have a new tenant, she works for adult care facility. From day one she is trying to trying to make up things to get free rent by giving empty threats. Following is sequence of events:1. Tenant moved in 68...
Ken Rishel
Anti Money Laundering – a Technical Explanation
From another client report (this one from 2012) - sans footnotes and references.All Americans are experiencing the expansionist wave of government control over all of our activities, and businesses are being increasin...
Daniel Barad
Wildly Different Rent Estimates
I am trying to rent out my condo. Zillow gives a monthly rent estimate of $2,200. Rentometer estimates an average of $3,500 and a range of $3,000-$4,000. Apartments.com estimates $3,500. BiggerPockets estimates $2,500...
Wilson Tao
Can I accept the 1 year prepaid rent from tenants?
HI,I am a new landlord and am listing my first house for rental. There is an applicant who is self employed and wanted to pay me 1 year rental in advance to resolve my concerns about his income. Can I accept the prepa...
Kurt R.
HUD Lead Based Paint Inspection Contingency
We're under contract for our first BRRRR investment. It's a HUD foreclosure we got for $78k. ARV is probably $150k-$160k. However, there are a few big question marks we're now working to resolve. One is an undergr...
Mel Franzoni
credit checks - please help me understand... :)
Hi! I am trying to figure out what site/company to use to run a credit check on potential tenants. Can I just go to one of the 3 big companies and run their credit or do I have to have to use one specifically for te...
Pete Fiannaca
Protecting myself from tenants
Morning Everyone -I just purchased my first rental property and am in the process of developing a lease agreement. Since I only have the one property at this time, I opted for Umbrella instead of an LLC. Question is: ...