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I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...
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Hello All, New Member With A Question,I'm hoping to tap the collective wisdom about our situation. We (myself and spouse) are relatively new to landlording, say between 1-2 years (5+ years if you include renting to f...
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Hello! We are looking at properties that already have tenants. I am wondering how that process works (lease, rules etc. that are already in place from previous owner). Do we write a new lease and have them sign? Do we...
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Hello BP community, I purchased my first rental property (a duplex) a few months ago and I'm trying to rent out one of the units (I'm househacking), but the neighbors directly across the street are like those wanna-be...
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I thought I would throw out a topic for discussion....Tell me about the process that you go through to screen tenants.
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Hi All,This is my first post to BP! I have lurked in the background of the forums for long enough and am finally ready to jump out and immerse myself in learning. Situation: I recently purchased a single family town ...
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Just a tip for you all starting out… Don't rent to strippers, hair stylists, bartenders etc… If they are in the cash business, they are uncollectable. You need to find someone with a good job that is not worth leavi...
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I've got a tenant in a single family residence who has been extremely aggressive and demanding since moving into the home a few months ago. We re-did the house and it's in great condition- new appliances, new paint, n...
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Hello,I am starting to do some research into the application process and lease agreement requirements in Pennsylvania1.) Can i state that i do not accept section 8 vouchers? 2.) What disclosures am i required to ...
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Hi!We’re planning to rent our home when we move—but we know we will be moving out of state. Question is:Self manage out of state? OR Hire property manager and eat the costs until you have cash flow coming in? What’s t...