Just curious: what would YOU do in this situation? (The lady in this story has a history of "drama" with us - so nothing in this story is unusual.) A tenant called last week about a pipe that has been leaking in her c...
Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
I'm in the process of finding new tenants for one of our houses, and I've pretty much got it narrowed down to this single mom and her 3 kids. But, there's just one thing bothering me, and I wanted to reach out to you...
I am currently listing a place for rent. I have this couple come over and explain to my wife prior and myself at the showing how their current place is bad and that the ceiling caved in twice. They go on with some oth...
This is me and my husbands first out to market rental, potential tenant inquires if we allow pit bulls. We have another tenant that we inherited at purchase of property that has a pit bull and poodle. Property is a ...
Our start wasn’t easy, fell into our first rental – it was a failure…however the learning experience helped get us to where we are today. Reflecting, we’re very thankful for the learning experience (and work to never ...
I am just getting into REI and have my eye on a few foreclosures which I would turn into rental properties. The properties are near local universities. I feel that it may be easier to find tenants for these homes but ...
Hello,As a relatively new landlord, I have a few questions I am facing, and wondering what is the best way to handle each of these situations. Can some of the more experienced guys/gals give me some advice?1) Roommate...
IntroductionThe saga started almost a year ago (September 2014). The relationship with long-term tenants we inherited two years prior had been sliding sideways for some time - their unit was the only one we had not r...
If I buy a duplex and live in one side, can I create an LLC to control and protect both sides?
Basically I want both rent payments to go to the LLC to pay off the mortgage faster. I figure if I have to rent an apart...