Robert Nason
Establishing new rules and regulations policy
I recently purchased a 12 unit apartment building in Lowell Massachusetts. This property is unlike any thing else Ive purchased, it's more bread and butter and the former owners lacked in management skills and did not...
Irv Rowe
Dealing with delinquent tenants
The situation: Tenant has been given written notice to vacate premise on April 8th (tomorrow) due to breach of lease. Tenant has not paid April's rent. Tenant is owing on water bill. Tenant has not responded to any co...
Tyler Blackwell
Complicated Move-Out Questions
We had a challenging tenant finally move out today, 6 days late. To give some context, she lived in our basement rental unit and had a one-year lease. We saw she was a complete mess, she ALWAYS paid late, and wasn't e...
Shannon M.
Late Fee Collection
I am fairly new to managing properties, though I did it years ago I am rusty. I have a tenant who paid their rent 10 days late. I was clear they would need to pay the late fee, however they deposited rent only. I have...
Ricardo P.
Tenant just hit me with a Jury Trial request for eviction. HELP!!
Ladies and Gentlemen, I need some feedback. I need some knowledge. I would like to know what’s next? Has anyone else dealt with issues like these before? Property is a 3plex. Non rent control area. Se...
Christopher Collins
Eviction before tenant is in default?
I have given a tenant 30 days notice on their month-to-month lease. The tenant has told me they 100% refuse to leave within 30 days.Can I start the eviction process now even though they are not in default of the 30 da...
Dane Fossee
Credit Score Examples
Hello all, Can fellow landlords give us examples of minimum credit scores they accept for their properties, and the rent of those properties? Thanks! (Ex. Minimum 600 score for a $1k/month SFR...etc.)
John Jacobus
Shopping for Loans While Avoiding Impact to Personal Credit Score
I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
Alexander Lang
Tenant screening - Income = 3X rent
Hi BP Fam!So the rule of thumb I hear is to have the tenants gross income equal or greater than three times the rent rate. Just to clarify, If I have a boyfriend and girlfriend, sisters, friends, whomever renting my u...
Robb Wisely
Scottsdale Short Term Rental Realtor
Hi all,
Does anyone know of any realtors in Scottsdale, AZ that own short term rentals themselves and/or work extensively with short term rental buyers?Thanks!