C Michael Sundius
when the property manager keeps the late fees
as frustrating as this is. it really brings up an interesting question when the owner doesn't get a share of the late fee.say the rent is $100 and the late fee is $10. in january the tenant is late but pays $100 rent....
Brian Gibbons
Using a CYA Sellers' Acknowledgement
I use this Seller's Acknowledgement to CYA (Cover my Assets).Anyone can sue anyone anytime.A disclosure is really important in case there is a lawsuit.I use this disclosure on all deals:```````````````````````````````...
Cameron Riley
Buyers Agent Agreements - Looking to Buy!! HELP
LookingTo place an offer on a townhouse, I am using an Agents MLS search he set me up with. - If I want to offer, am I stuck with him being my buyers agent forever? - Do I even need to sign an exclusive paperwork to p...
Mo Muigai
Rental application form
Finally ready to move in our very first tenant in February. We have a few quite interested, however we do not have a real application form. Anyone out here willing to share what they have? We otherwise used sample tem...
Shawn C.
KeyCheck used for MTR Owner-Occupied SFH (1 tenant with own 1bdr/1bath)
Hello MTR landlords!I've decided to use KeyCheck for my MTR listing on FurnishedFinder, and I understand that KC offers criminal background check, credit report, and eviction history. I'm going to have an attorney rev...
Alison Anderson
Wholesaling with an agent
I am a real estate agent. I have a client we will call Bob who is fixing his father in law(we'll call Mike)'s home and selling the home for an inflated price after the remodel is complete. They have a notarized purc...
Mike Hartzog
Borrower Accommodations for COVID-19 Impacts
We have some performing loans in the portfolio and have been contacted by a two of our borrowers (so far) who are currently out of work due to COVID-19 lock downs. They are asking about skipping payments until they c...
Greg Virgin
Property Management - Charging insurance or Owner for disaster management
I manage a residential single family property for an owner. Last week a very large tree fell on the home causing significant damage to the structure and forcing the tenant to be relocated temporarily while the insuran...
Brian Parks
New to: Option to Purchase Contract
When offering the owner a small percentage of the purchase price of the property to secure the option; how much should be offered? Is there a legal minimum or maximum to offer? What is a good length of time/duration f...
David Axelrod
Wholesale Option/Exclusivity Contract ... With No Specified Price (At First)
First post ever on BP. Go easy on me... Two existing owners of a duplex are willing to sell at the same time in an off-market transaction. It's a rundown old property on begging to be turned into townhomes, as is happ...