Mohan Deep
Responsibility for maintaining smoke detector batteries
Does anyone know if I can create a clause in my nonstandard rental provision to assign responsibility of changing the batteries in the smoke detector to the tenant?
Matthew Banks
How to manage expenses across multiple properties, LLCs, partnerships, etc.
Hi, we manage properties in a partnership and in a couple LLCs. We have Lowes and other accounts to purchase materials for repairs or renovations. Those expense accounts need to be paid with funds from the correspondi...
Scott Bogue
Advice needed on Flip Disaster
Need some much needed advice and path forward. I bought a wholesale property last January using a hard money loan with 80k in renovations. My General Contractor ended up being a horror story and stole money as well as...
Sarah Hartwell
Best advice for your first vacation rental?
Hey BP! We've got 3 Buy & Hold investments in Houston, TX (though I'm definitely still a rookie). My husband and I LOVE the water, so we're strongly considering making our next investment a waterfront vacation ren...
Nikky Jarvis
Who is accountable for this - realtor or tenant?
I signed a contract with a realtor to find a tenant for my property. He found a tenant after vetting the tenant, we signed a lease, and the realtor sent me a screen shot of renters insurance and utility agreement wit...
Leandro Zhao
How to write an offer in Canada?
Hi BP,One of my acquaintance who does a lot of wholesaling told me to go knocking on peoples door asking if they would like to sell their property.My question is how can I write an official offer? Do I need to registe...
Richard Glen
being the lender on a mortgage
In Cook County Illinois.Can I do this?I am considering giving a loan to a guy that bought a two flat for cash and is stalled 1/2 way with his rehab for lack of cash. It will be a owner-occupied two-flat but he can't ...
Jason Wu
Legal Protection and Partnership
Hi everyone,We are looking for some legal advise.My partner and I have a duplex currently fully rented and is collecting income. The title is under my partner's name and he also assume the entire loan. I pretty much...
Jacob Haskins
Inheriting Tenants- No proof of lease, verbal agreement only
Hello BP community!Tomorrow I am slated to close on a duplex, and I will inherit tenants. The seller has stated they do not have any paper leases, as everything is verbal. The tenants are long-term (about 10+ years)...
Sarah Anne
Property Management Vacancy Penalty
Should I have a penalty if the property manager doesn't fill vacancies? If so, how would it work? Should I withhold the management fee if a unit stays vacant for 2 months, etc?