Ive recently learned about the pros and cons of an LLC, starting out I've figured out creating an LLC is not the best option to begin investing. Ill stick to insurance and leverage. I understand to keep personal and p...
A few days ago I purchased a rental property in Minnesota. The old owner was giving her uncle a place to stay so he has been living there. They never set up a lease agreement or anything. Long story short, I showed up...
So we did an eviction probably six months ago. Tenant owed over $10,000 which judge agreed that they owe us. We finally got the property back and spent thousands of dollars getting it back in decent shape.Should turn ...
Is there a way to use retirement funds( eg. funds that one may have in an IRA) to pay off a house without paying the hefty 30% to the IRS for pulling the out money before retirement age?
Recently purchased a house and needed basement done. Contractor says we owe 6k in addition to the 26k we already paid with cashiers checks for installing a door where an arch was, fixing a shower, fixing a bathtub, w...
During an eviction do tenants keep incurring late fees on future months of missed rent?
I co-own a house with my sister. We had a tenant who just moved out. We knew the house would be messy but were not prepared for the extent of the damage. Apart from many holes in the walls, the tenant had put screw...
I just received a call that my tenant's boyfriend just kicked in her front door. She is filing a police report. I am planning on contacting my insurance company tomorrow. Can I bill my tenant for the repairs? Boyfrien...
Hello Everybody, I need some recommendations on this scenario;Recently purchased a 3 unit, fully rented property, and received 1 of 3 deposits. This is a D property in a B+ area so some abnormalities were not unexpect...
Hey everyone! Is it worth it to do a screening for eviction on clients? I have evicted one tenant and have other renters who pay on time and I have never uploaded their information to anyone. I'm wondering how the inf...