John Woodrich
Rent discounts and late fees
I am purchasing a property with tenants in place. Most of them are on month-to-month arrangements and have dinosaur lease agreements so I plan to renew with my lease agreement. One thing I was conisering doing was u...
Andrew Lapham
General advice on a financing plan for first deal/Interest rates
I am a complete REI newbie looking to gain some knowledge on the financing side of a potential first deal. I was looking for some advice on the following financing plan, plus have what I am sure will turn out to be a...
Tatiana O'Hara
Tenants want out of lease because of roaches?
I have tenants living in a townhome in Georgia. From the very beginning they've been a headache and I should have walked away.. They started a lease and canceled it same day prior to moving out. I let them break the l...
Martin Neal
BRRRR Refinance Help Purchase Price
Hello everyone,I need some help. I am in the Chicagoland area trying to do a BRRRR Strategy and having some problems with the lender, First Midwest Bank. I’m being told that the maximum amount of the refinancing loan ...
Jia Lin
Mechanic's Lien Risk from Subcontractors - Cook County, IL
Hi
All, I'm flipping a condo in Cook County and recently
discovered that the GC I've hired and paid more than 80% balance of labor has
not paid the subcontractors. I have receipts and bank statements to
substantia...
PJ Muilenburg
Deduct landlord cleaning fee from security deposit??
Can I deduct a cleaning fee from security deposit if I do the work myself, as the landlord? I can't find any information online regarding that specific issue.
Kate B.
Automating payment of rent
It's been awhile since I posted regularly and my situation is about the same if anyone remembers. I own three properties with no mortgages and one is a three family. In my three family building, it now is best for ...
Mike O.
water leak..... help pay water bill?
got an email from my tenant on dec 22 saying they got a letter from the city saying there water bill was higher than normal and there is probably a water leak somewhere(they just got back from a week vacation). Dec 23...
Tyler Woolums
Seller told me had fixed gas leak but didn't
Back in January of 2024 I purchased my first home. Upon inspection it was made clear there was a sizeable gas leak. I decided I liked the property enough but obviously wanted to get the leak fixed. I told the buyer as...
Matt Taschner
Security deposit refund?
Hello, we recently had some tenants move out that had lived in our property for 3 years. We had initially collected the security deposit from them for $700.00. Upon moving out and during our final walk through we fo...