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Hey BP, I had a tenant that decided they weren't going to finish out the lease, and they didn't pay the last month of rent claiming that the security deposit will cover even though the lease clearly states that's not ...
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I am buying a property to live in, which has an attached carriage house with 2 current tenants.
The previous landlord passed away, and there are no leases. The landlords daughter is selling the house, and I had her a...
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This post pertains to a property in Chicago, IL. Please provide knowledge based on this specific location! I have a unit with 3 tenants on the lease, but one is moving out and all 3 current tenants want her name off t...
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Hey everybody!My team and I are owners of a 20 units, divided into 5 separate buildings. We have had issues with people illegally dumping in our parking lots and adjacent grassy areas. I was curious do any of you have...
I'm going to form an LLC soon in Georgia and I want to focus on offering equity to investors in lieu of (OK...occasionally in conjunction with) private lenders. I want to structure the deals so that the investor recei...
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As we've been working on getting the ball rolling to set up our company we've been confronted with a couple options that have left me a little surprised. The main issue is potentially being required to set up the busi...
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Hi BP,Need some help on deal structure on a small multi family (10 units). Im going to raise money for the deal but wanted to know your thoughts on how to structure it. We will purchase, renovate/reposition and hold t...
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This new startup, called Rhino, is launching a new insurance product for landlords that claims to negate the need for security deposits. In theory, this will make listings more appealing and cut down on the hassle of ...
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How are people holding security deposits in NC? I purchased my first investment property in NC (previously properties were in California). My understanding is that the security deposit needs to be in a trust account w...
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We were doing the walk-through with the tenant, and the guy had his dog defecating and pissing everywhere on the 3rd floor. The guy was trying to deny it (when we could see turds everywhere and puddle marks) and we go...