Adam Hinkley
New landlord don't know what to expect
Hi all,New to BP and new to be being a landlord as I close on my first property on Friday. It's a duplex that will be owner occupied. I have a few questions about how I should proceed in the first few months of owning...
Account Closed
North Carolina: Security deposit not valid on technicality?
Hi all,I have my sole rental property in North Carolina. The current tenants' lease is coming to an end, after a year of me having to call them almost monthly to ask them to remove debris from the yard, and mow the la...
Yan Kang
Is Promissory Note for rehab a feasible investment vehicle?
Hi there, this is Yan. I am wondering if a Promissory Note between individuals (one lends to another via a Promissory Note) a reasonably safe way to invest. How to ganrranttee the fund is paid back? Will a Promissory ...
Kaden Dayton
Question on different funding/loans for real estate flip
Hey Everyone! This might be a dumb question but what is the difference between a hard money loan and a personal loan you could receive from a bank or a site like credible? Because I haven't really heard of using a per...
Rob Sahney
Tenant damaged countertop, can I keep deposit?
Hello,
I have a rental condo in Pleasanton, CA. My tenants just moved out after staying for a year and have apparently burnt the kitchen countertop. They suggested staining it, but that hasn’t helped.
The counterto...
Reesey Ann
Break in in broad daylight
Last month, while someone was cleaning out our property in the Auburn Gresham neighborhood, the place was broken into. The person stepped out briefly to get supplies, and during that time, someone broke in. There wasn...
Lumi Ispas
Can a Security Deposit Be Used For Unpaid Rent in Chicago?
Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...
Curtis Harrison
Small Claims Court, Property Management Company won't take responsibility
I hired a Property Management (PM) firm 5 years ago. I've been paying them $135 per month for their 'services'. Got an e-mail from zillow.com that my house was up for rent. Contacted PM company and they tell me tha...
Marvin Song
Property Manager I fired today did repairs without an approval. Am I liable?
Hi All,Here's a situation.I bought a rental property from a turnkey provider based in Indianapolis last November with a tenant in place. This provider rehabs, sells and manages a property so they've managed a property...
Kimberly T.
How much do you collect as a holding deposit/fee, and what do you call it?
Curious what other landlords do for a holding deposit/fee so that they will take their ad off the market, before the new tenant moves in. Do you require it to equal one month's rent? Half a month's rent? Some othe...