Hi BP members, We had 2nd floor tenants went on vacation and they turned off their heat for one month, so this Monday the water pipe busted. The water gushed in into the hallway and basement. 30min later, another wat...

I called from a sign that said we buy your house. I was visited by a RE agent who specializes in finding buyers under a lease to purchase. He charges the buyer an upfront fee, he takes the responsibility of all mainte...

A few years ago I sold a house to a couple that asked me to take back a second, since they could only quailfy for a 80% loan. I did and now they have stopped paying me, but they are still paying the first wich is a l...

Hi BP,
I need a little guidance. I have my tenants mail their rent to a PO box. My rule is that as long as it is post marked by the 5th it isn't charged a late fee. I have a tenant who has lived in one of my unit...

I am renting out a studio apartment, the majority of applicants don’t have credit at all. Would any of you landlords out there rent to people who don’t have credit at all? What else can I take into considerations besi...

As a property manager I'm familiar with many trends in fees/revenue generating practices that property managers charge. Some of these practices do not align the property manager and property owner's interest. For exam...

So I had new tenants move in the last week of July. They paid their first week of rent of rent upon move in (first mistake I should have requested the entire month of August at that time!). Then, August 1 comes, no r...

Hi everyone, I need your help. I have a property in Dallas and we let a property manager manage the property. 2-3 Months ago the property manager found a tenant, did a backround check and told us she is ok. First mont...

I located a property that has a note for 140K. The note holder, an out of state financial company is eager to sell. The house was condemned by the city. The judge has given until March 28 to begin repairs or the house...