Michael Noto
Running Diary of a 4-Family Rehab in Central Connecticut
My business partner and I are closing a 4-family rehab property tomorrow in Central Connecticut. I will be using this thread to post what we go through on a daily basis. As soon as I can I will get some before pictu...
Kimnee L.
Handyman fell down the roof
Hi all. I am wondering what my liability is when someone fell down my roof. Recently it was raining hard. Tenant called me, and I asked another tenant who had repaired roofs for me before. He has no license. He then t...
Donald Stevens Jr.
Help! Sketchy tenants
I'm dealing with a nightmare tenant! This tenant has been late with rent for the past several months (even later than my five day grace period). Rent was due on the 10th of this month and of course it was late. The fo...
Tom Vanderlinden
Getting Started and having every deal fall through
I just had my duplex fall through, before we got to closing, because it appraised 45k short of purchase price. This was my 5th in 6 months that fell through. I've been working hard to read and do research after work a...
Genny Li
I just had a tenant ask about changing a burnt-out light bulb...
Really. Can't make this up. I had to coach him through changing it over the phone because the closets have linear fluorescents, and he didn't know what to do.
I'm focusing on the day job now, but I had to share. (...
Joseph Parker
Current deal just took a strange turn
Went under contract on a 5-unit office/retail property this past week. Was on the market for a year, few offers made but none good enough for seller to accept.Was able to talk seller into a lease with option (seller f...
Josh Ambrose
Is Renting or Flipping Better?
What do you guys think is the better way to go? To buy and rent to build a great source of passive income or Buy and flip to make great returns but with more work and risk?
James M.
Help With Order of Operations: Texas Landlord
Hello!I acquired my first home that I will be renting out in San Antonio, hopefully as soon as possible. I was hoping someone could assist me with the order of operations and tips on late rent and eviction process.I h...
Kimberly Kesterke
I take issue with the term "slumlord" and here is why
Landlords have a noble mission. We provide safe and clean housing to our tenants, keep homes maintained and reasonably respond to our tenants requests. We provide housing options so that the government doesn’t have to...
Timothy W.
Prepping for Cap and Trade effects
Alright,
As wrong as it is, it's a reality. No use pissing and moaning - we're going to have to deal with it. What exactly does it mean for us and what exactly are we going to have to do? I've m...