Leighton Adams
malicious mischief by tenant, water damages multiple condo units
A tenant caused water damage to my mid-level condo. The water went down to the lower units and caused water damage there. My insurance is covering her damages to my unit under a malicious mischief claim. The damage wa...
Quinton Foster
Deal in process in Flint, MI near college, weighing options
I am currently working on a deal with an investor friend of mine. He owns the property out right in Flint, MI near Kettering University. I have not seen the property yet but he has told me that it does need some work....
Zack Kosenka
Water Service Turned Off and In Different Name
Hello BP, I rehabbed and rented out my first rental property this April. Everything was going ok, until I got a bill for the water service between May 16-June 14 ...they offer a program that switches the service back ...
James G.
For a Duplex does the landlord pay for water, sewer, and trash?
I received a bill for $1,300 from the sewer company, basically all of my cash flow. Is it common practice for the landlord to handle this? The units are not individually metered. Could I charge a set amount per month ...
J Zhang
Does Landlord Insurance policy requires tenant screening?
I'm in the process of getting a landlord insurance policy quote. The rep on the phone says their landlord policy doesn't require a landlord to screen tenants. I'm a bit surprised - if I were the underwriter I would se...
Tristan Brenner
NEW CONSTRUCTION, Slab on grade VS conventional crawlspace
I'm currently working on converting my first single family rental into a duplex in Washington State. I will be keeping this project in my portfolio for years to come. I'm trying to figure out best practices from more ...
Will Gaston
Gas Station Previously on Mixed-Use Property...What Are My Risks?
All:Looking at an out-of-market deal that seems to be a good one except for one (very big) issue. Property is currently MFH/Retail but used to have a gas station on it. Seller disclosed this to immediately and has bee...
Scott Weaner
Do These Hot Water heater Mixing Valves Work?
Do THESE do anything? Thinking about one for my own home?
Jamie Montpellier
Paying your tenants water arrears... Fair?
So I received my weekly mail this morning through that convenient slot in my door and curiosity made me go pick up that envelope and in that formal letterhead I saw the utilities' company's name in bold letters. Sure...
Gulliver R.
Well water in a mobile home park
Hello BP,
I am potentially going to buy a park with well water and City sewer. I have two questions:
During Diligence what are the action items I need to do and things I need to keep in mind?
Once I own the park, w...