Radley Estrada
Fridge Broke Down - Tenant Requests Reimbursement for Medications
Hey BP members, I have an interesting situation.I moved a new tenant into one of my properties 2 months ago. She is a great tenant and have had no problems so far.Recently, I was informed that the fridge was working ...
Yue Lehman
Insurance Loss of Rent payout
When you file a claim for a rental property and receive loss of rent reimbursement, is your property manager entitled to their percentage of share? If yes, it does not seem very fair because they don't pay any out of ...
Brendan August
CARES Act 401k Loans
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
Gregory Schwartz
Triple Net Analysis: How to calculate expense
Question for you all concerning the analysis of a triple net property.
I'm working with a client who's interested in a 6,000SF office space set up for medical spaces. I've researched average per sqft rent (16.50 / SF...
Zachary Wurtz
Hard Money Lender Question
Hello, I am planning to buy my first investment property within the next 6 - 8 months. I was wondering when it comes to finding a hard money lender for rehab costs, is it a general rule to pay for a percentage of the ...
Adrian Hollifield
Confusion on how HML dispense loans for rehab
Hi everyone,I’m looking to use a HML to fund the rehab and 70% of the purchase price of a SFH. My contractor has given me his bid and asked for 25% upfront payment to start work. Here is where my confusion is. Will th...
Casey Stoker
Landlord Responsibilities Fridge/Washing Machine
Hello all,
I have been reading through this forum and saw some great advice, I hope I can also get some feedback. I have a property in NJ that I have rented for the past 3 years. The tenants had a lease for the firs...
Greg W.
commercial unit & water bill
Hi,I recently signed a new 3 year lease with a commercial tenant and included that she pay water bill. I recently found out that her water meter is linked to a couple residential units.How would you handle this? I pla...
William C.
$10k in water damage caused by tenant. Advice on how to handle.
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in ...
Marty Neville
Property Manager not distributing funds
Just reviewed my transaction history from my bank which confirmed my property manager has not distributed rent for 12 months, I have requested a full disbursement. I'm an out of country investor - what are my options ...