Elenor Glass
Owner-Occupied Multi-Unit LLC, Trust, or neither?
Hi there! I'm a first-time homebuyer and I'm under contract for a multi-unit and a coach house (I'm in Chicago). I'm wondering if it makes sense for me to form an LLC or living trust? My thoughts are that it will be o...
Tyler Labelle
Late again and today is the day to kick her out or not
So this tenant is a pain in my butt as she's always weeks late. SC has a 5 day pay or quit so i posted the letter on the 6th. I went down there in person to address a leaking toilet and of course she promised to pay...
Robert Larue
Unique PMI Situation, what can I do?
Hi all,
I am purchasing a single family home (It was originally a duplex, and is still zoned as a duplex, but the current owner turned it into a SFR). The bank appraised it as a SFR, did my loan as a SFR (5% down), a...
Tom R.
Bringing in the mail after tenant moves out
My tenant moved out recently with 3 months to go on the lease and yesterday after completing some repairs I checked the mail and there were a couple of items I removed them from the mailbox and emailed the former tena...
Ki Lee
Agent not giving sufficient notice prior to entering unit?
I’m under contract to sell my 3plex in Chicago. The tenant notified my PM that the buyer’ agent entered the unit for showing to a prospective buyer after only 24 hour notification (48 hours is required by Chicago RLT...
Ryan Cash
Should I submeter or install a separate meter in Oregon?
I just bought a duplex here in Lebanon, Oregon. It currently has 1 water meter for the duplex. Water rates in Lebanon are among the highest in the state and one tenant has been watering dead flowers since we took over...
Dan Stewart
Michigan Vacation Rentals in Danger??
Hello,Last night I was coming home from the traverse area and heard on the radio a commercial advertising something about contacting your representatives about vacation rentals. It sounded like some rep is trying to p...
Tommy Ray
Adjusting agent skill sets for the new post covid investment age
Agents / Brokers / Property managers sit on top of of a sphere of influence, a myriad of social media platforms, and a desire to excel and secure a stake in life for themselves and their family. How best to parlay th...
Warren Edward
Chicago - Section 8 rentals.
Hi BP,
I am considering investing in the Southside. For those investing in section 8 rentals , does the new political environment in Washington pose a threat to any of the vouchers programs? What would happen if vou...
Jesse Andrews
Private note holder deceased
Hello-
I am under contract with 5 siblings selling their parents house. The parents are deceased, and the house has gone through probate.
I am also under contract with a cash buyer. Upon running a title report, a pr...