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Hello,My wife and I recently purchased a Triplex in Minnesota and inherited tenants in each unit. Since we purchased the home using an FHA loan, we are required to occupy the home for one year. Therefore, I had to g...
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Help! First time investors here! We are in the process of renting our first property in Knoxville TN. We have a law school student starting her first semester that has filled out an application and we have checked her...
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Hello,I was looking through the forums about this, but nothing I saw was exactly on this topic. So, I'm sorry if this has already been covered!I'm just starting out, and I have one SFR that has been rented for years. ...
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Hi, This is more of an opinion question I guess. Currently, I do the following for my tenants:1. Send out a notice on the 1st of the month as a reminder that rent is due.2. If payment is not received. 24 hours before ...
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I’m at a total lost right now! l was just told I would have to pay 23k to refinance a portfolio rehab loan on two properties. they are only lending 70% LTV, my rental rates are $1785 and $1985, but the market rents in...
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I have 1 house thats been rented to a middle age woman , I was doing some clearing of brush and vines and I kept seeing this "stray" cat wandering around the house .(I have a NO pets policy) So the next day I broug...
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Hey guys just wanted to get some advice about people that work for me. We have been remodeling a duplex I own and they have been asking if they can rent them out once I’m done. My first reaction is don’t mix business!...
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Hi all - I was about to close on a single family home on a canal and days before closing I found out from the surveyor that there is a 12’ drainage easement on the land. It runs under the driveway, under the house (st...
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This is one of those questions that popped in my head while I was driving home from work the other day. Here we go.Say I have a tenant that, for the first time, pays rent 1-2 days late. After reading the 'late payment...
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We just closed the deal on a 41 unit apartment complex. We got a great deal, but it's rough, really rough.
Can someone help us with advice on how to get this thing running right?
We have 32/41 rented with an avera...