Derek John Sharrard
Discussing My First Deal
Hello everyone,My name is Derek Sharrard and I am from Bay City, Michigan. I recently just closed on my first Investment Property (Buy and Hold) and wanted to discuss it with other people who are starting out. Hopeful...
Account Closed
Inexperienced landlord here - did I do the right thing?
So I set my unit up on affordablehousing.com (section 8) and got a call from a market renter. She makes 24/hour (not sure if she works full or part time, didn’t ask) and has 2 kids. Showed her the building and she see...
Elaine Hester
Yikes—entity fees potentially killing my cash flow, help!
Yep—another newbie here, wondering what I'm missing ... I have only recently learned that owning my properties free and clear puts me in a more vulnerable position for liability and know now that I need legal asset pr...
Brian Tisler
Which applicant would you select?
Rent is $750+$50 with pet #1- married couple, she makes $17k per year, he is unemployed. However, they tell me they get an additional $30k annually in August and $900 from a lawsuit, but no documentation to support i...
Marcus Auerbach
Expensive Window Replacement - Is This Acceptable?
We are under contract on a nice house with brand new windows. At a cost of nearly $4,000 per window, I am not sure how I feel about their caulk job: they replaced the old oak trim and installed new white trim and whil...
Michael S.
Double Application Fee for Couples?
When my wife and I have rented places for ourselves previously, we only ever payed a single application fee. However, the prevailing logic I've researched says that each person over the age of 18 living in the house n...
Grant Pope
First time searching for renters
I am just starting my search for my first tenants of my second rental property. My first property has been rented by family and has been a breeze. I am now moving onto a property that family won’t be living in. The to...
Dane Peterson
Help,Setting "Qualification Standards" For Prospective Tenants...
Morning BP, Been reading @Brandon Turner book "Managing Rental Properties" because Friday we'll be closing on our very FIRST RENTAL property (very excited to reach this goal of 2016)!My duplex is in one of the lower i...
James Baker
To renew or not renew.
I am closing on a duplex coming in June. One of the units' leases is up on July 1st. I know nothing about the current tenant at this time because we are in the beginning phase of purchasing. Listening to the podcas...
Jonathon Ginanni
How to split a large parcel into 2 seperate parcels?
I have been putting together a deal that has a huge lot with 2 houses on it. Im trying to determine if I should buy and hold both properties or consider splitting the parcel and doing a fix and flip on both. This is n...