Damon Raynor
Filtering tenant requests: what’s necessary/what’s not
Hi! I’m new to being a landlord. I purchased a duplex with an existing tenant. That tenant is requesting a number of things that I am trying to determine if they are my duty as landlord to address immediately or if th...
Tim Lin
Tenant won't pay security deposit despite damages
Hi everyone,
A tenant is moving out and I noticed some damages such as dented/chipped door frame, possibly happened when he moved his furnitures in. I brought this up and he casually brushed it off saying something a...
Mike Ritter
Anyone heard of Investability?
Has anyone used or heard of Investability.com?It is a site used to search for investment properties and analyze if it is a good deal. It will show you cap rate, cash flow, etc. Just wondering if anyone has used it and...
Daniel Rivera
Repairs and maintenance on small multi-family properties.
Hey BP community-I know there isn't a set formula that can be used to reliably calculate how much one should set aside for repairs and maintenance on a buy & hold rental, but I've heard the average of ~$100/month ...
Robert Jensen
Closing 2 Weeks After Appraisal
I am waiting to close with New American Funding. The appraisal was two weeks ago. The HUD contract says 'time is of the essence' and has a date of 'no later than 45 days'. My agent is saying we should be closing now s...
Read Hossen
CLAIMING FOR TENANT DAMAGE
It is important to remember that just because a tenant damages property of the landlord, does not always mean that the landlord is entitled to compensation.
We know what agents hear from their landlords: ‘But those ...
Ayaan Aha
Maryland REO Offer refused need help!
I am pre-qualified by my lender for conventional loan. I recently signed an agreement with an and placed an offer on a bank owned property but my agent is unable to get a hold of the listing agent to find out details...
Ben Boru
Redemption period questions
So in Michigan we have a 6 month redemption period. If I'm understanding this right it's 6 months from home auction date. Meaning you could buy the home and not be able to touch it for 6 months. In todays economy that...
Gabriel L.
Notice to quit given by seller
Hello all,
Need some assistance here. I'm close to closing on what is going to be an owner occupied 2 family property with a basement.
the 1st floor unit is vacant, the 2nd floor and basement have tenants which are ...
Justin Goodin
I toured a 131-unit today 🏢
Hey everyone,
I toured a 131-unit property today in Indianapolis, IN. Every deal you see come on the market today is a ‘value add’, but as you can see, this is ACTUALLY a value add 😄.
This was a C class property in...