I found a property set for auction on the 5th of January but homeowner not yet willing to give up on the house. HO is hoping for approval on a VA mod.
I have an agreement from HO to allow me to call in a couple of...
Hello All - I have a question regarding property management.We just recently purchased a triplex and the agreement reads that the PM fee is "(b) A fee equal to TEN percent ( 10 %) of gross rental income received on a...
Hello Bigger Pockets folks,I just purchased a first building with my partner (we are together but not married) via an LLC in which we are joint members. Currently writing up our joint operating agreement to spell ever...
Is there a valid reason why my property manager consistently withholds some of my revenue in addition to the agreed upon minimum account balance? Numbers: $400 min account balance. My current balance is $720 with my P...
So I'm considering buying a second home back in my hometown where my family lives. With my dogs and the costs of boarding/renting, it makes financial sense to just own a cheap home in a C or D-class area of another to...
Hello BP Landlords:I am updating my lease agreement to make it clear that tenants must purchase renters insurance. For those of you that require renters insurance from your tenants, what are the minimum requirements y...
I closed on my first property, a SFH, at the end of last summer. I made repairs/improvements, defined my qualifications, thoroughly screened tenants, stuck to my guns, and got a good tenant in the fall. He pays rent o...
We just had our first meeting with a potential agent.
Their company seems great. Just a question for all: How common is it for an agent or firm to require a $3000 minimum commission on every deal? This means if we w...
My business partner and I are interested in house hacking together for about a year before moving out and renting out the property entirely. I would like to know if we should form an LLC given our situation. Of course...
Hi,I have 2 properties month to month lease. I signed up with a new PM in Oct 2019. Tenants left and I fixed it up, put a lock on it and is currently taking charge and selling in under a listing agent. I found out rec...