Michael Smith
Landlords... Do you provide pest control?
I am going to be purchasing some single family homes (mostly wood frame construction) in Central Florida for the purpose of rental income. My question is, should I provide periodic pest control service for my properti...
Tom Barrick
Looking to Build a Portfolio in Providence, RI
Hello everyone - new to BP and first time posting. I am a CPA located in the Greater Boston area who specializes in working with real estate investors and developers. After working with them for a number of years, I...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Dianna Marble
Problem Renter Advice Needed
Hello!I have renters in our unit for the past 5 months. They signed a 6 month lease with us. Last month, while paying rent, one of the tenants told me that they were considering not staying the full 6 months and that ...
Joshua Nackenson
Using private money from multiple sources as debt
What is the legal/logistical structure to fund a deal using private money from multiple sources? It would seem that if getting debt together from say 5 private individuals the security of being in 5th position on a pr...
Padric Lynch
No Kitchen or Laundry In Airbnb Unit
I have an Airbnb coming online. It doesn't have a kitchen or laundry capabilities (I tried to install both, but the HOA denied my plans). There is a mini fridge and microwave, but that is pretty much it. Is this bound...
Allen L.
Mold in attic, disclose to potential renters?
I’m closing on a property with some mold in the attic. The seller said he will treat the mold himself before closing. Should we require him to get a mold inspection letter afterward saying mold is remediated? If we do...
Nathan Niemiec
Story by J.P. Morgan Feedback
I'm looking for a property management system for 10 units and growing. I see a lot of people are using Avail, TurboTenant, Buildium, etc. I noticed that J.P. Morgan just launched a new service called "Story" for rent ...
Susan H.
Holding Over Clause (Arkansas)
Updating my lease for new tenant (finally!). After the debacle with the last tenant (short version: wouldn't move, insisted we had an oral agreement; left behind thousands in damage) I need to add a "holding over" cla...
David Napier
Lead based paint disclosure?
Hello BP, we are looking at buying a older duplex (1964). It very well may have some lead based paint in it still. As far as renting it, do I need to verify (test) if it does or not. Our concern is if we don't, can a...