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Hello BP friends,I'm in a pickle. The tenant wants out of their lease at no cost to them. They said they are afraid of mold from water seepage and are threatening to sue if I don't oblige. What would you do?Background...
My online ad for a unit that was recently available to rent stipulated that there is no smoking of any kind allowed anywhere on the premises (including the porch stoop, back yard, and driveway). When asked during the...
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THE WHOLE FRONT YARD IS GONE, Mechanic's Lien or Attorney?
I bought a house in 92 (Lot A), short platted the property built a duplex (Lot B) and sold Lot C. Flipped and sold the house in 94, with conditions...
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I've been trying to figure out a bookkeeping solution for years now, and I just can't seem to find one. I own 5 properties (8 units), but would like a system that could easily scale up when we purchase more propertie...
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I have 30 year mortgage (rate is below 4%) on my current residence where I've lived for about a year. I could pay it off (I owe $185,000) and have about $10,000 in emergency savings leftover. My family thinks I should...
My wife and I bought our first rental house. Wow the place was a wreck but the more people I am talking to it seems to be the case when you purchase something off market. My question is the wood floors they are origin...
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Does anyone have the language you use in the lease for Renter's Insurance?
I am about to renew the lease with my tenant but it gets very costly having to spend another $250 for my attorney just to add a simple parag...
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Hello folks! Thanks in advance for any help. My first few weeks as an investor have been exciting to say the least!I took a contract assignment and closed on this SFR Jan 16. The prior lease had expired back in Nov. H...
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In less than 30 days, when I close on this deal, this will be my first real estate purchase. My plan is to househack this fourplex.
I’ve run the numbers using the BiggerPockets calculator and my own spreadsheet. Ev...