Misha Gounder
Disgruntled tenant turning hostile
My ex tenants are suing me twice the amount of retained security deposit for damages. I had sent them a list of itemized deductions (hardwood floor damages $1600, utilities - water, sewer, trash, and electricity $370,...
Andrew Steinhaus
Terminating Property Manager Mid-Contract
Hello all, Long-ish post- reader beware:Currently having many issues with a PM that is bringing me close to firing them after only three months of the contract and looking for advice. Background: Hired PM in October, ...
Douglas B.
Tenant renters insurance: can I file a claim for damages if tenant does damage?
If a tenant does damage to my unit but can't or won't pay for the repairs, can I document the damage and file a claim against his renters insurance?
Scott Pyrcz
Transfer home into LLC
Hi everyone,
I am looking to purchase a piece of property in Philadelphia using a conventional mortgage in my name and later transfer it to a newly formed LLC. A previous post from 2008 states banks won't let you do ...
Thomas Moran
Cracked Brick - Would this be a deal breaker for you?
Hey BP folks -New investor here looking to close on my first deal. I've sifted through a huge pipeline of deals and have narrowed it down to two. The most promising one is a brick ranch 3bed 1.5 bath...1300 sq ft thro...
Da Shiek Woodard
Proper LLC Structure
I've seen some posts on the LLC topic (especially the Wyoming LLC trend) and of course ended up on the fence. My scenario is I have 800+ credit, great job history, and a rental with $300K in equity and cashflow of $90...
Jeremy Pastor
Property Line Boundary Dispute
Hi everyone,Last summer I purchased a nice single-family home in my town in southern Michigan to rent out. The neighbor is now giving my tenant a hard time by saying that his property actually extends into the drivewa...
Jeff Wells
CONTRACTOR PUT A B.S. LIEN ON OUR PROPERTY, NEED ADVICE.
Ok, here's the story. We are rehabbing out of state. This has proven to be extremely difficult and stressful. We hired a contractor to do a job for $1300. He did the job, we paid him, but there was much more that n...
Michael Glaser
LLC: Which State Is Best?
Closed on my first rental home this spring. It's been two months with renters in the property in Kansas City. I'm looking to start an LLC before my next, but I'm also out of the country about 7 months a year while I'm...
Anjelica Allen
Something just doesn’t feel right, need advice.
Greetings everyone,So I’m one week to closing on my first home. I’m purchasing a Duplex with a 203k FHA rehab loan (Property 275k). 1. The first unit needs repairs, nothing major (Estimate 27k). Second unit is occupie...