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How do you handle the tenant being responsible for Lawn care and snow removal? What is the language in the lease or on an addendum? How do you make sure tenants are keeping up with it? How do you enforce it?How do ...
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Looking for a little input on snow removal from a multifamily property. I am in the Buffalo NY area. I purchased a 3 unit rental property back in September and all 3 units have existing tenants in place from the pre...
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I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...
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Helping a friend with her contract. Is it common not to have a termination period for which the buyer can terminate with out cause? For example in Texas our contracts include an option to terminate usually set at 7-...
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The statement below appeared in my LOI.
“ The estimated triple net expense reimbursements for the first year are yet to be determined?”
Can someone help me to understand what it means?
What are potential expenses t...
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Who pays for the lock if tenants continue to keep breaking the lock? Our family has a duplex, and the lock on the security gate has been fixed and broken several times. Tenants point fingers at each other and neithe...
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I have a condo that had a fire and the insurance company only paid out the reminder of the current lease.I am unable to show, lease, or sell the unit while it is being repaired. Does anyone have any advice on how to c...
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A couple weeks back I read The Richest Man In Babylon by George Clason, and I have to say it was an excellent book. It has become one of my favorite books about money management.
It doesn't necessarily communicate a...
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Hello all, I came across the BiggerPockets community as a way to educate myself in REI before taking the big plunge and looking for my first deal. My wife and I have very stable, well paying jobs in the Washington DC...
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My husband and I have recently purchased our first rental property, a triplex with all three units currently occupied. The property closes march 31st, so we have a bit of time yet to get things in order.
I'm wonderi...