Frank Real
Earthquakes in California
Dear Sir/Madam,I am interested in investing in rental properties in California but am concerned about earthquakes that were said to happen here soon. What do you do to prevent an earthquake from causing major financia...
Paul Haughton
How to resolve liability risk on uninsured rehab property prior to closing
I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insura...
Trisha S.
Unhealthy Living Environment? lease abandoned
Tenant Communication
09/05/2014
Debra called Trisha
Debra stated that there is mold on the inside of the toilet bowl and
sink bowl by the drain. As well as, a small amount o...
David Morgan
Sub2 -- stumped: what to do if you can't find someone to close it
I'm striking out finding a lawyer or title agency who will close a sub2.Telling them I understand and accept the risks involved hasn't worked.Are there magic words or a secret handshake?If I go to the register of deed...
Dina Schmid
Negotiations When Purchasing Existing STR
We're under contract for a SFH that is currently in use as a STR. Inspection revealed A LOT more problems than we ever imagined a house of this young age would have. We asked them to address 5 items that we saw as the...
Darla S.
Need Property Management Referral in Spring, TX
I own several single family rental homes in Spring, TX, and I think my current property manager is ripping me off. The PM charges a 10% monthly management fee, plus a $350 annual lease renewal fee, plus 1 full month...
Justin S.
Capital Gains NYC Question and discussion
I have a very unique situation I wanted to discuss with the community and all our accountants out there.
I sold a 3 unit primary residence that I occupied for the last few years in December of 2019. I ended up doing...
Courtney French
Late Rent - Maryland Law?
I have a property manager for my property in Maryland who sent me the email below about the tenants need to pay rent late. Please help me with this.... I do not want to start a trend of allowing these renters to pay l...
Chris Wallace
Need HELP!!! Over budget and running out of money!!!!
Due to significant structural issues, my renovation is over budget and I'm running out of funds. What was a bathroom and kitchen job turned into a major reframing. I need another $25k to complete the project, and I ha...
Yossi Tzemach
HVAC fix or replace?
Hi,My PM company informed me that they received a maintenance call on the HVAC blowing hot air instead of cold. They sent an HVAC person out to inspect and see what needs to be done and their conclusion was that the e...