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I have just become the New Property Manager at a Mobile Home Park in Alabama. I am from Destin, Florida and there is a "BIG" difference in Condos and Mobile Homes. My first task is clean up (already started) and coll...
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Im trying to increase the rents of the tenants living in my multi-family. The rents are $300 under market. I just bought my first multi-family and am new to real estate. I was wondering...how do I go about increasing ...
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I buy an HOA lien through foreclosure and get on title. If the borrower is deceased, and the 1st lien payoff balance is less than market value, can I sell the property?Or if the payoff balance is more than MV and I ha...
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I have noticed several condos in Florida going to tax deed auction that have been foreclosed on by their condo association. In most cases, the condos were in some stage of foreclosure by the bank holding the mortgage...
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I just purchased a duplex in Hammond. One unit is vacant and the other is rented. Tenant was in a MTM lease and would like to stay, but the seller provided a very bad review and had several issues to report about thei...
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I used certified mail to send a 60 days lease termination notice to tenant, the mail should arrive one week ago, but today when I check status online, it still shows in transit, so I called the post office to ask why,...
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1. How frequently you are getting property inspections done? Quarterly or once in six months or yearly? Or when there are some repairs done and you want to validate the repairs?
2. Rather than doing inspections what ...
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Hi all, just wanted to share some of my issues and mistakes with renting my first (and only) investment property in order to help others. I know most if not all of what I'm going through could have been avoided by bei...
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Hi,
I would like to get everyone's thoughts if you care to share them about what experience has taught you to include in your lease. I mean beyond the standard lease that I am sure is similar in most cases for a smal...
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Hello BP,An owner of multiple units reached out to me and was interested in my property management company. One of his questions was the transition of the properties from his current PMC to mine. From everyone’s exper...