Joe Sadusky
Damage to HUD house before closing - Radiators exploded
Hey guys, I am about to close on my first HUD property and have a question that I'm hoping someone can answer for me. The appraisal was just complete on the property yesterday. We got the report back today and found ...
Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose. M...
Rick L.
Help! I'm bad at math or doing something wrong
Hello BP,I have two properties and looking to purchase a third. I keep doing the numbers and feel like the numbers are showing bad deals, but it doesn't make sense to me how they can be. I know I need to re-read some ...
Andy N.
Management question
I have a 48 unit that I just switched to a property manager. I am being charged 8% of gross rents as a management fee. This is a new property to me and I've been using the manager for about two months. I was drivin...
Marlon Balogh
Forensic Accountant - Real Estate Frauds Introduction
Several Basic Fraud Schemes to Note:I have now been in accounting and specifically in Forensic Accounting and Fraud Examination for 7+ years not only dealing with your typical frauds, embezzlement, theft, and breach o...
Natalie Keller
Renter ran into garage and paid for repair without asking us
Hi all! We are new to this and these are our first renters. Here is the scenario:The renter reported an incident from earlier in the day. " I went to back up and did not realize the garage was open 3/4 of the way. ( I...
Megan Spargo
Primary residence to rental
Hello BP!Mt first rental property is a primary home I moved out of a few months ago. It sat on the market for quite a while. The market for rentals seems to be pretty good. What changes do I need to make (insurance, ...
Mimi Booker
Paying too much for maintenance & repairs?
I am a new landlord with 1 single family residence in Houston, TX which was built in 2005. I just had some maintenance & repairs done to the house:- $220 to replace A/C drain pan and overflow plug.- $85 for a "S...
Marc Globensky
B unit Tenant filed Department of Health complaint to try and get out of lease early.
Hey all,
Thought someone would find this story helpful or entertaining at the very least. Also advice is also welcome.
A little bit of background on me my experience and the tenant. I have been managing Retail, ...
Keng Fong
Looking for a local property manager In Seattle WA
I have a condo that has been rented out for about 7 years. The tenant was paying rent on time every month until COVID, he has been late on rent for about $10000 and now he is becoming more and more hard to deal with. ...