Luke Petro
Rat Infestation in Chicago
Hello!
I recently bought a multifamily in Chicago. During the inspection we noticed some mouse traps and a few mouse droppings--no big deal. Recently, the tenants started complaining of loud noises in the walls and...
Steven Mitchell
Property Manager Cost
Any one know the common price range for property managers here in Akron? I'm trying to start house hacking (with FHA or 203k loans) with the eventual goal of refinancing properties I acquire and then let property mana...
Jason Coleman
Tenant in unsafe situation
Hey BP,I have a situation that I haven't come across before so I figured I'd post it. One of my tenants called me yesterday and explained to me that her and her BF (both on the lease) are splitting up. She was in tear...
Joshua Biondi
Tenant broke lease wants to move back in (special circumstances)
I had a tenant, about 6 months ago, whose brother tragically committed suicide in the home. The tenant informed me that he could not afford rent because of his brother’s funeral expenses, and that he could not bare to...
Zachary Cura
Bad Tenants: How Do You Personally Deal With Them?
Is there anyone who would like to share any horror stories of dealing with bad tenants who seemed like trustworthy and upstanding citizens at first, but then eventually proceeded to avoid paying rent and/or causing ma...
Raj Singh
Need advice - Purchasing First Investment Duplex
Good Afternoon BP Community,I am excited to purchase my first investment property (Duplex in Sacramento, CA) the duplex purchase price is $600,000 and there currently are tenants at the property. One tenant is month t...
Tim C.
Bad Tenant Case Study - Advice?
Quick case study I was hoping to get a couple of updated opinions on.I inherited tenants in a duplex I just purchased. Long story short, I honored the existing lease which had a low security deposit (<50% of rent),...
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50% rule and the 2% rule
I thought I had heard another investor say that the two rules were basically the same thing. Maybe I misunderstood, but if not could someone explain how they are the same thing??? And also, the 2% rule seems to work...
Mindy Jensen
How Many Clauses Do You Have Your Tenant Sign in the Lease?
In another thread (https://www.biggerpockets.com/forums/52/topics/707296-what-does-your-lease-say-about-modifications-to-the-property) I asked what your lease says about modifications.@Cassi Justiz responded "My lease...
Andrew Pfleger
Tough Property...Need suggestions
I currently have 131 units... those units are spread out between 21 different property locations. From as small as a duplex all the way up to a 56 unit complex. With that being said I have a 5 unit building cash flows...