Fletcher Clardy
Questions to consider before investing in Real Estate.
Happy Wednesday to all!I wanted to get some feedback on questions other Real Estate professionals consider before each potential investment. I know for my firm our biggest one is, "LOW BASIS". Is the asset valued unde...
Drew Kunkel
Fixing things tenant broke.
How does everyone go about this. The property management company repairs a problem in a rental that the tenant caused (say broken window) and then sends you the invoice for repairs. Do you pay the invoice and wait for...
Michelle Marty
Property Management fees
A little back story: I have 5 units (one multi-family, one single family) out of state. I have a local PM to handle the day to day. I know the owner of the company through various networking affiliations and when he d...
Rick McGeeney
Whats involved w/ purchasing residential lot & convert to comm?
What are the pros & cons to purchasing a residential lot (vacant land) and converting to commercial zoning (commercial properties all around)? What's involved? What's the cost involved? Also, they say no sewer ...
Gardy Saturne
Tenant Voluntarily Leaves Property
I'm in the process of evicting one of my tenants in cleveland. They are behind 7 months in rent. They voluntarily agreed to move out this friday. We plan to meet at the property, walk through the unit and have them tu...
Andrew Solberg
Tenants left stuff behind
Hey all,
I’m looking at a duplex and have a question. In one of the units, the tenant owed the owner a bunch of money on back rent, and eventually just abandon the property with all of their belongings left behind....
Greg M.
Should I purchase this rental? Inspection dilemma!!!
Hi BP community! I am under contract for my first rental property. I just had an inspection done and I have a few concerns. It's a SF 3/3 1350sqf (1980) home (2 car garage). ARV is in the mid 90K and under contract fo...
Jeff Lockshine
Eviction vs. Hold Over Section 8
I have a month to month Section 8 tenant who has not paid their portion of rent since the beginning of the year. On March 1, she was sent and confirmed receipt of a letter of non renewal and notice to vacate. I gave...
Grant Gibney
Filling Vacant Lots in a Mobile Home Park
Hello, everyone! I am working with an investor who has recently purchased a Mobile Home Park. There are a couple of vacant lots on the property and I am looking for strategies to occupy those lots. I have been doing s...
Michael Ruvido
Keep or Payoff Personal Loan
Hi All -Thanks in advance for any insight you can provide. I used part of a $187k HELOC on our primary home to pay cash for a single family in Indy. The remaining HELOC cash was used on half the rehab and I took out...