Amelia McGee
Renting out to college students
Hi everyone! I live near a state college and found a fixer upper for sale less than a 10 minute ride from the college. I was wondering if anyone uses their rental property solely for college students. There seems ...
January Keats
Subletter wants ESA dog
Hi, I rent. My landlord has a no pet rule. I also sublet two rooms in my apartment with the landlords permission. I have them sign one year leases with no mention of pets. My new sublesee is demanding to have an esa ...
David Cramer
Excessive Pet Paint Damage, Wear and Tear or Security Deposit?
I'm a single property landlord. Tenant recently moved out and the pets left a bunch of claw marks in the paint. The paint was last done in 2017. This tenant moved in 2019 and the walls were in good condition minus nor...
Andrew S.
PMs and CPAs - do you report gross or net rents on 1099misc?
There was a thread on the board by @Nancy Neville on the general topic of 1099misc. Apparently it got zapped somehow by the moderators as I can't now find it anymore. I do have a side-question related to that topic ...
Account Closed
Structuring DBA / Bank Accounts two properties
Hi RE, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go with the...
Rashad A.
Legal Notice or Phone text
Hi,I had this question in my mind always whether I should serve the legal notice every time tenants late with rental fees. I have been communicating to them via text messages so far, and also receiving payments with e...
Warren West
When is it too late to further negotiate?
I recently won a bid on a duplex I plan to do owner occupied in. Following the inspection we found a number of small to medium items that will need to be addressed (older boiler, sewer pipe needs replacing, chimney n...
Account Closed
Buying a 2 to 4 unit rental with tenants in it good or bad idea
currently in the marketplace for a 2 to 4 unit property in washington DC. does anybody have any opinions/ thoughts about purchasing a property with tenants in it? what pre cautionary measures or changes should be take...
Lance Neighbors
Separate accounts for each rental
Hey guys, I have a question! Should I open a separate bank account for each rental I own?
Edward Stephens
Goal Achieved: Leased My Master Bedroom to a Great Roommate
BP Family,Yesterday I successfully leased the master bedroom of my home. I know that doesn’t sound as sexy as leasing out an entire house to someone, but I did learn a lot in the process.Late last year I purchased a ...