Adam Atchison-Lynde
New property owner mistake.
I bought a property and at closing received the tenants deposit as a seller credit. As I never actually got the deposit, I made the mistake of telling my tenant he could not pay last months rent to avoid giving him $1...
Brian Fazekas
Rookie Mistake, now what?
So I made a couple mistakes in this scenario. Not looking for persecution, but some advice.I had a great paying tenant in an upper unit decide to move down to a lower unit (he signed a month to month lease for both a...
Terri Pour-Rastegar
Mistakes in Eviction Report?
I just got an eviction report back from the tenant screening company I use (CreditLink), and it lists 2 successful evictions and 3 eviction proceedings initiated on this prospective tenant. I could not believe it bec...
Alex Papas
Biggest mistakes ever made
What are some of the biggest mistakes, or “oh shit” moments you all have had buying a ‘value add’ property? Whether the investment was successful or not, tell me about some lessons you’ve learned from those moments.
Juan Alvarez
Fear- overthinking- rookie mistake
I was scheduled to go see a duplex on Saturday. I’ve been pondering about scheduling a showing bc there was no w/d connection, and no appliances. I was pondering this for 2 weeks!! And when I finally decide to schedu...
Zachary Caudill
The Best Mistake Ever
What’s the Best mistake that’s ever happened to you? How did you use it?
Carmel Duffy
A stupid Landlord Mistake
With winter here I thought it would be a good idea to buy a snowblower for my rental home. In the lease it states that the tenant is responsible for snow removal, but I thought I would buy the snowblower. I had the te...
Ryan Kawash
Title company made mistake!
So I just closed on a house today, and after closing and giving my lawyer the check, I went home and noticed that my EMD was never allocated into the down payment. My EMD was $6,100, and noticed that they never subtr...
Joshua Christensen
Mistakes in Real Estate
How can we avoid making mistakes in Real Estate? This is such a huge question.I've been working in real estate in some capacity since I was 18 years old. I turned 19 working on a framing crew just outside Dallas, TX...
Ryan Cazares
Commercial Property Rookie Mistake?
I'm an optometrist, and I recently purchased a piece of land $326K. I put down about $77K. The loan is for 5 years with an inflated payment at the end of the term.The initial goal was to build a clinic (instead of ren...