Pam N.
Can you always make a tenant pay?
I am considering becoming a landlord but I'm worried because I've seen a couple posts about tenants causing thousands of dollars in damages. I'm wondering, why would a tenant ever cost you money like that? Can't yo...
William C.
How to deal with petty tenant requests...
Do any seasoned landlords out there have any advice on how they’d handle this situation? Truth is, I hear from these tenants about once a month or so, maybe less, for stuff like this. With 1 or 2 properties, stuff l...
Ed S.
Direct deposit: is the rent late or on time?
Hello BP,I'm thankful for such a place where I can get experienced advice. Here's my situation. Rent is due on the first and my grace period is 3 days, so on the fourth its late. I haven't had a problem with any of my...
Josh Gibson
Improvements with tenant in place
Hi,Looking for some advice. I currently have a tenant in a duplex that I acquired about a year ago. Nice older lady (72) on fixed income. I am her 3rd landlord in 15 years. When I bought the place she was on a month t...
Bob Woelfel
Tenant is never home...we thought unit was abandoned
We just purchased a small multifamily building. One of the tenants in this building is never there....as in for weeks we thought it was abandoned. None of the other tenants had seen her in over a month. She rarely ...
Kyle J.
How do you account for interest paid to private investor?
If I get a loan from a friend/family member/private investor, how do I account for the interest on the loan I pay to that investor? I know if I were borrowing from a bank they would issue me a 1099-INT form at the en...
Evan DiLeonardi
Real Estate Syndication Long Term Capital Gains Question
I'm looking at investing in a RE syndication project that is run through a funding LLC. What's been explained to me is that I am investing into the funding company LLC, who will then pay me out and issue me a K1 tax f...
Steve K.
HUD Home w/buried Oil Tank
Hi BP,I'm looking at a HUD property with BURIED OIL TANK and may also need MOLD Remediation in the garage and another room.My bigger concern is potential Oil tank leaks and soil remediation that can run thousands of $...
Treza Edwards
Cash Flow Corrections
How can I correct cashflow issues if I have 3 properties? 2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%. Although I have 2 steady tenants in the pro...
Yusuke Koike
Broken pipes cause tenant not to stay in the property
Hello,My name is LeoOne of my investor friend has an issue with his rental property (2 story townhome with HOA)What was happened to him and the unit is1) the drain pipe on 2nd floor bathroom was broken2) water leaked ...