Jim D.
What should I watch out for when providing a bridge loan?
I have an opportunity to make some money by providing a short-term bridge loan, and am looking for advice on what pitfalls or risks I might not be seeing. Sandra bought a property on land contract 3 years ago for $180...
Daniel Moscoso
Best practices when it comes to screening a Realtor
I am wanting to know what are some of the best ways to screen a Realtor for best fit and effectiveness. The home in question is a flip deal, needs quick turnaround. What questions to ask? How to verify that their sta...
Brandon Cho
Super Unique Mistakes
What are some extremely unique, rare, or niche mistakes/problems you've run into and how did you solve them?
Asher Anthes
What is my NOI and Cap Rate for this Property
Okay, so I've been learning about NOI and cap rates and I'm curious to figure out what mine is for the house I currently own. I live in it, but also rent it out to some friends.
Purchase Price: $105,000
Renovations...
Joe Conklin
First Turnover - Steps for new tenant
It's been a couple years since I have rented my unit and this is my first turn-over. I'm showing the unit this week and just want to review steps to make sure I'm not missing anything.Steps:1. At the showing I will h...
Tricia O'Brien
Minimum Documentation I Should Get from a Co-Signer?
I have 3 roommates (all in their early twenties) who have applied to rent my house. Two are recent college graduates and have okay jobs. The other is still in college and only makes about $7,000 per year plus has stu...
Larry Bowers
Estoppel certificates apply only to commercial real estate?
I read about estoppel certificates and get the concept. Would it be out of line to request them as a buyer in a residential (fourplex or less property), or is that overkill and/or just not done?
Nick K.
Curable Perform or Quit Advice Needed
I noticed during routine maintenance that the tenant was allowing her pets to urinate on the floor and causing damage to the laminate flooring. Both wet and dry urine were discovered in multiple places. Pee pads futil...
Sandy Glover
How to Get the Best Results in a Background Check
Nothing can cause a property manager more headaches than renting to the wrong person. That one bad r...
John S Lewis
Do I ask for rental histories?
So I think I found a good deal. The owner says he's made money and now wants to get out of the biz and sell down his holdings in the next 5 years. He also claims the property I'm looking at is always rented. Then I...