Chris Taylor
Insurance Requirements for Rental Property
I’m a newbie so I think this question is appropriate. I’ve received different answers from different people so here it is. For rental properties ... do lenders require your insurance to cover replacement value of th...
Pat Mulligan
Why am I having such a hard time with HM lenders? Unrealistic?
I have a property under contract and have been working with a loan broker FOR OVER A MONTH! I'm in clear danger of the seller's patience running out. Was told we "passed" the lender's test: 730 Credit scores, ple...
Jacob I Strauss
Starting Out as a Landlord of a 4-plex
Hey BP so I'm excited because it's looking like I'm going to be the proud owner of a 4-plex breaking my analysis paralysis buuuuuuut I could use some direction.
1. currently the water is paid by the land lord half th...
Nathan Gesner
Why are so few applying for rental assistance?
Wyoming opened their Emergency Rental Assistance Program two weeks ago. As of today, they've only received 2,500 applications, totaling $5 million in rent and utility assistance. The program has $160 million available...
William Stewart
Closing dispute residential loan turns out to be tenant occupied
This is a very odd post. A "friend" of mine purchased a property with a 5% residential loan. The buyers broker told him that there were tenants in the property but would be out within two weeks after closing. The buye...
Robert Burns
Branching Out into TX w/Lease Options
I want to expand my lease option business from my Louisiana base to the Houston, TX area. I want to involve my brother and his wife in the business. I've heard some interesting stories about doing lease options in T...
Andrew Taylor
Need Some Help Setting Up Accounting System
I need some help setting up an accounting system to manage a small flipping operation. I've been in construction for two decades, and I'm used to job costing software, but I'm having a hard time finding something that...
Keith A.
What’s your worst, costliest tenant disaster?
What’s the costliest thing that has happened to your rentals that you had to pay for? Did you sue the tenant?
Ben S.
New tenants want unit tested for meth drugs
I just purchased a duplex about 3 months ago and recently had the lower tenant move out because I raised rent higher than she could afford. That said the new people moved in and they are demanding that I test the pro...
Daniel Keating
managing some properties for a friend-not getting paid as planned
Hi Folks, I live in Tucson and have 2 rental properties I own and manage. A friend of mine owns 5 rentals in town and he lives in Payson--about a 3 hour drive so I look over his properties.
Originally the plan was tha...