Kevin Danikowski
50/50 Exit Strategies & Protections Against the Unforeseen
My partner and I are going to purchase a buy and hold 10 unit where everything is divided 50/50 (money, work, etc.) and a management company holding it. I would like to know what are main safe guards which 50/50 LLC p...
Atul Mohlajee
Non renewal notice of lease by tenant
My daughter goes to school in Michigan. Her lease (13 month lease) ended June 30, 2024. She did not give 45 day notice of non renewal of lease. She paid rent till the end of lease. She moved out on June 28, 2024....
Jason Callahan
Real Estate Agent Suing Me
Hello BP,Last September I wanted to get in the flipping game. I had some cash and wanted to rehab a property. The long and the short of the story is that I signed a "Exclusive Buyer Agreement" with an agent to help me...
Keith Smith
Mutual lease term between landlord and tenant
I'm curious if others have a tenant sign something when terming a lease early? In my situation, I have a tenant who moved out and said they couldn't afford rent thus breaking their lease. Obviously, they will not be g...
Kenneth LaVoie
Winter move outs, ways of discouraging
As most of you know, vacancies can be harder to fill than warmer times of the year. People who have their "lives together" TEND to move when the weather is more cooperative. That being said, our phone rings just as mu...
Dillard Stone
Texas: $50 referral fee question
I'm checking into something that came up in a meeting last week. Someone mentioned that amounts paid to existing residents who refer new residents to a multifamily community are capped in the state of Texas at $50.My...
Inam Rehman
FHA Owner Occupied Terms
I am looking to get an FHA loan on 3 unit where i will be living in one of the units. My question is regarding the term "Owner Occupied".
Lets say i keep one unit for myself and pay all bills etc but i live s...
Wesley Thompson
A whole lot of First Times....
Greetings BP Community!My partners and I are very close to locking up a contract on 5 cabins in East TN (not near Gatlinburg). They're fantastic properties with great history and the seller is financing. This is my fi...
Stephan Nemeth
Breaking lease
I just bought a fourplex and literally the day after I closed one of the tenants had his job relocated. He still has 8 months left on his lease and he wants to break it. My initial reaction is to charge a three month...
Jeff A.
Walking away from a contract
I made an offer and requested a radon test, During the testing period, I caught the windows open. Everyone denied responsibility, but seller agreed to another test. The test came back high, the seller signed an ...