Davon Lowery
Coin-Op washer and dryer
So, finally got the second tenant for the duplex and almost lost them the same day. The tenants are responsible for their own electricity and gas, I pay the water and trash. My mentors have advised me to either, tak...
Robin W.
An Ideal Dog Agreement
I got myself into trouble by verbally agreeing to a tenant's question during a signing over a year ago:These A+ tenants said, "We're interested in getting a dog at some point. If that's ok, we can sign a two year leas...
Stoddard Barnhill
Single Family Tenant Rules (MN) - Rookie Question
Hello All!I am new to this community and have already found great value in the books, blogs, forum, and podcasts. Thank you to all! My parents have invested in Montana over the years and I have helped with the finance...
David Beard
Property Manager - question on funds handling process
For you seasoned landlords and PMs, I was wondering your thoughts on this language in a PM contract, related to funds handling. Thanks!
"4. ______ ______ If this line is initialed, Owner agrees to open a checking a...
Account Closed
Property Manager Seeking a Broker
Hi all!I am currently a Property Manager in the multifamily market in Memphis. In January, I will be transitioning to a Residential Property Manager for a new property management company. I am in the process of gettin...
Jovan Pipkin
Tenant moving out as I am purchasing my duplex
Hello all,The tenant that was occupying the other side of the duplex that I am purchasing and moving in is moving out 6 days after purchase. Any tips for moving forward? Like security deposit usage, any paper work,Tur...
Katherine Rossell
Putting houses into an LLC
Hello,I need a little advise or feedback about my current situation with my LLC. I currently own two duplex's (one that I live in) and I am in the process of buying a 4 unit with a conventional loan. At the start of t...
Vishal Amin
What is the best practice to collect rent?
Hi,
I am an out of out of state investor. I purchased a duplex that is already fully occupied, I was wondering what is the best practice when it comes to collecting rent (section 8 tenants).
Is it best to do it com...
Jimmy Wen
Is it necessary to set up separate bank accounts?
Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...
Steve R.
utilities
Hello fellow landlords.I am on my second rental property in Calgary, Alberta. That is in Canada, just north of the USA for those of you who does not know.I like to set up my properties up and down, so there is a base...