Let me set the stage:I have a 4 plex in Michigan. The neighbor in the bottom unit smokes. The neighbor above smelled it and brought it to my attention (we are a non-smoking building, it's in the lease). I provided ...
What are some of the ground rules you should set up as a landlord for your tenants ?
Hey BP community,I just sent out a few thousand letters to absentee owners for the first time, and got my first angry call. Apparently I used the guy’s wife’s name and he was unhappy about that, threatening to “come f...
I am getting ready to rent out my first house (it's my dad's house, he's in a dementia facility now). One basic question that I have: what, exactly happens with the utility bills once a renter moves in; do I change t...
I am looking at new options for showings. right now we generally set a time and meet the applicant at the property. we often set up several at the same time. many i know give out lockbox codes but i am not confi...
Hi all-hoping for some help on this one. We have a SFH rented to a young recently married couple for the past 7mo. They have always paid on time. The wife has a great credit score (700+) and always makes on time pa...
Curious how some of you with lots of doors handle multiple security deposits? I have been using Capital One Bank 360 (which allows you to have up to 30+ accounts) and creating a separate account for each apartment's d...
As a high income earner, I have suspended passive losses accumulated from previous years. As we buy more and more long term rentals (we have purchased 4 in the past 6 months), my wife will be able to claim the Real E...
I'm usually finding deals that are owned free and clear, but today I came across a property that has been on the MLS 1028 days, my first thought is the seller should defiantly be motivated now! And in fact, he is.. T...
I am looking to purchase my first rental property. It is a single family home, with a lawn (totally flat). Nothing to large. Would estimate 30 minutes using push mower.The property has a shed.Whose responsibility is i...