Hi, I have a property in north Hollywood ca that I leased out to a family. They actually never lived there and were running Airbnb which I didn’t know about. Finally she informed me that she is leaving but she has peo...
Hello all, I took over a property last year and inherited tenants. The lease I have on file for them expires Oct 18 so we went month to month. It was a two year lease. I issued them a lease renewal with a rent increas...
I'm looking for some entertaining short stories from the Landlords and Property Managers here on BP.Have you ever had to notify your tenants about something that you thought for sure was common knowledge?Have you ever...
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...
I have alluded in other threads on BP the past few weeks that we are saying Good Bye to long term tenants we inherited with a property bought two years ago. We served them with a month ago with a notice of terminati...
If i have a signed agrement and i am in first place with my offer is it legal for the realtor/homeowner to accept another offer and send it to the bank and then try to get me to raise my offer so i don't lose the hous...
I've inherited a few rentals with chronic late payers. They are all 10-20 days late. I always post the notice to pay or quit about 5 days in just in case they don't pay, but they always have.I'm sick of posting notice...
Hello everyone,I recently found and signed up for this great site. So far I've been reading a lot of posts and figured it's time for me to get involved a little more.I recently started my research for putting together...
Hi BP,I’d like to generate a fresh thread to address an issue that is catching many new investors by surprise: The 6-month Seasoning period.I’m now on my 3rd Rental. It was time to give the BRRRR strategy a try. I pur...