James Kandasamy
AC cannot cool below 78F
Hi BPers,We have a house that was built in 1984 in Texas. The tenant claims that the AC cannot cool down below 78 F. The outside temperature was around 100 F when they claim this. The AC is running all the time. The A...
James Denon
Backing out of a great deal because of coronavirus covid-19
This is unprecedented. Once in 4-5 generation event.
I had multifamily that I was supposed to close on next week in Springfield Massachusetts. It was a great BRRRR deal given the hot market conditions. All in with re...
Veronica Ivy
When to form a Solo 401k: before, or after leaving a W2 job?
Hi y'all. I'm about to leave my W2 position and basically be a full time professional real estate investor. I am super sold on the benefits of rolling over my 401k into a Solo 401k and then buying rentals with it.
My...
Chad Clanton
Theft/loss responsibility during renovation, owner of or contractor?
Good afternoon BP, I've got a question for you all and would appreciate input from both the investor and contractor perspectives, particularly those in and around San Antonio. If something were to be stolen during the...
Nick Patel
Can you make Tenant pay fix amount for repairs
I am creating Baltimore County, Maryland Tenant lease and want to know if you can make Tenant pay $50 for each service call or $50 for each Repair. Is this legal in Baltimore county? If i am not mistaking, Landlord i...
Miguel Velez
Philadelphia design question
So I began the process for searching for deals here Philadelphia. I have put offers in and one came close but ultimately fell through. I am searching for MFH to hoId and SFH to flip. I will continue the process until ...
Alex O.
Broken Dryer Issue
Tenant who has been in the unit for about 2 months contacted me the other day about the in unit stacked dryer being broken. For reference, it's stacked, with the washer on the bottom and the gas dryer on top in a cus...
Joseph Konney
Do I need a common electric meter for Multifamily Chicago Homes?
Hello all- I recently acquired a 2-flat in Chicago (Cook County, Illinois) and there are only two electric meters/panels. Is a 3rd required for common areas and exterior lights? Less the inside wiring, what is an appr...
Kelly G.
missing items at move-out - not ID'd at move-in
Greetings all;
I have an SFH in Milw, WI, with a prop. mngr. I had my first tenants in March this year. PM gave them a checklist to fill out and send back; PM did not walk through property with them. They...
Christine Oliphant
Should I deduct from the security deposit for these things?
My current tenants have moved out as they just bought a home but the lease doesn't expire until April 15th. I haven't done the final inspection yet but have been through the house and noticed a couple of things. I...