I just did.  I closed on my primary residence in May and just got a letter stating that there is a leak in a shower and they are demanding $25k by the end of next week.  Whats sad about this is I'm 99.9% sure that thi...

When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income?  I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!! 

I am new to this site and am really impressed by the large group of knowledgeable individuals contributing to the forums. I've learned a ton of information about self-directed IRAs and am planning to take the "ch...

I have a duplex and the tenant has a broken faucet. The sprayed handle is detached from the hose - I want to deduct it from the security deposit, but how do I know this is not considered normal wear and tear ?

I have a rental that has a detached garage.  I changed all the locks on the main home which is a duplex and provided keys to my tenants.  I failed to change the locks on the garage, and the tenant stored their stuff i...

A few months ago I dealt with an irate tenant. He was upset when I informed him of a $50 increase when his mom stayed longer than our agreed time-frame. His mother was suppose to stay for a month while looking for ano...

I had laminate flooring installed by a company and it's now buckling because they did not leave enough space from a wall and some doorways. The company is refusing to back their work and won't come out to fix. I don't...

I'm working toward buying my first rental property and I was wondering what were some things that people recommend getting set up prior to closing?For example: Should I get a business dedicated bank account and credit...

Hi there,I am a landlord in Chicago. I own a unit on the 3rd floor of an apartment building that I currently have tenants living in. Last month, I had a leak in the refrigerator water supply line that caused some wate...

I haven't seen any negatives mentioned about having tenants drop off rent payments at the bank, but here's something to think about. My uncle set up a Deposit Only account at Wells Fargo authorizing a real estate clie...