Susan M. Mendrysa
Do I need to honor property manager contract?
I have a duplex under contract that is currently rented. I just learned that the owner has a property manager for the duplex. I know I am legally required to honor the existing tenant leases, but what is my responsi...
Joff Pedretti
First Single Family House Rental
Investment Info:
Single-family residence buy & hold investment in Madison.
Purchase price: $210,000
Sale price: $290,000
The deal that got me started.
What made you interested in investi...
Daniel Dietz
Selling to a Prohibited Party AFTER taking a property out of SDIRA?
Hello,
I have not been able to find this specific topic in the archives, so here goes.
Scenario; An individual purchases a house as a rental property within their SDIRA, AFTER they have turned 59 1/2. They then hold ...
Barney Davis
Shopping for primary residence
We sold our house back in September (we had a contract for asking price in two days). We moved into a smaller house that we’ve been renting out for the last decade. We are sitting in a good position because we are liv...
Cory Gardner
Chicago Action Investors 6/4/16 Project Englewood
Hey there everyone! CAI didn't meet this past weekend due to some members being out of town and not having access to houses like we normally do. We'll be back on for next week though if you're interested.On the 4th ...
Nathan A. Johnson
Security Deposits
When buying a rental property you inherit the old tenants that have a valid lease. What happens with that tenants Security Deposit? Does the old landlord transfer the money to you? If so, what would that process be li...
Teri Khimani
New Agent and Advertising
Should a new agent starting out pay for many different marketing tools or just focus on social media?
What is the best way to build up clients? Word of mouth? Networking?
Tim Mcbee
Investing out of town with a PM
Investing out of town is risky.
So is washing dishes blindfolded. Take the blindfold off and develop your team. Having boots on the ground is vital to your success. I recommend having a CM/PM who is separate from you...
Lawrence Cloversteed
Selling investment property (Single Family Home) at a loss
Hello all,I purchased a single family home back in September of 2017 in Nebraska. I'm based in Oregon.I put the property into an LLC and planned on renting it out, but I've had horrible luck dealing with shoddy contra...
Isaac Kissiva
Owner distribution recovery from property management company
I was working with a property management company, they suddenly stopped sending my distribution, stopped responding to my emails and phone calls. I decided to drive to their office, I found a note, The office is tempo...