Brian Gibbons
Using a CYA Sellers' Acknowledgement
I use this Seller's Acknowledgement to CYA (Cover my Assets).Anyone can sue anyone anytime.A disclosure is really important in case there is a lawsuit.I use this disclosure on all deals:```````````````````````````````...
Dominic Jacquot
Books for managing commercial rentals
Hello,
I have been reading a lot of books on real estate and recently took an interest in retail and other kinds of commercial rentals. However, I have not been able to find a book specifically on this topic.
I was ...
Alan Kahanu
Advice - Who is liable for certain repairs
Need some advice on whom is liable for damages on tenanted rental property. I am the owner of this rental. Out of state property manager was notified by tenant of 'water leak from slab in kitchen' at the end of July...
Ted Kawabata
Detecting roaches at the CHECK OUT inspection
OK I don't see a post answering this questions, either on BP or on the web. Help!I'm checking out a tenant and he did an amazing job cleaning. The place looks GREAT in every way. But there is a big roach problem th...
Blake C.
Sell to LLC to avoid tax under 2/5 rule?
Question: We purchased and have lived in a home for the last 5 years as our primary residence. In that time it's value has gone up about 40%. We are about to move out and rent it. To fall under the 2 of the last 5 yea...
Nancy Carr
Most would say I had lost my mind and did something very stupid
I did something that most everyone would say was stupid crazy. They are probably right, but it turned out better than I could have ever hoped.We bought our first rental, a duplex which was foreclosed. We had to do a...
Michael Germinario
Security Deposit - What would you do?
Hi BP!Here's the situation: Tenant moved out and was adamant about receiving the full security deposit back. I explained that I will enforce the lease and any damages, or uncleanliness above and beyond ordinary wear...
Justin Franklin
1031 Exchange Advice
I'm looking to do my first 1031 exchange in the near future. Does anyone have a recommendation of a broker to help facilitate or experiences/advice or do's-and-don'ts on how to Do It Yourself?
Sahil Relan
How to accelerate growth?
Hi Team,
Some background: This year bought my first investment property(duplex) in Chicago suburbs. It all went well, its rented and cash-flowing now. The numbers are good and no concerns so far. Bought second proper...
Nathan Pa
Im having a problem with a brand new tenant. He is very unstable.
He has been living here for 13 days.
Recently I got into an altercation with him, he left a pair of scissors in the living room and I used it but forgot about it and left it in my room.
Next day he banged on my door...