Chris Hertig
Tenant Living in Garage/Shop!
We recently purchased a multi-family property and have someone living illegally in an uninhabitable, detached garage. He continues to deny he lives there, lied to the police when they came with a code violation and i...
Steven Nguyen
Estate Planning and Estate Taxes
With the current TCJA the estate tax exemption is 11.18 million (single) and 22.26 million (married). Any estate in excess of these thresholds are taxed at 40% in CA. For example, if you are worth 20 million as a si...
Jeremy Medina
How would you manage utilities in a 2 unit with no separate meters?
I am closing a deal on a SFH that has an attached ADU. I am not sure yet but I am thinking LTR for the main portion and perhaps MTR/STR for the ADU. It is not separately metered and right now I don't see adding a mete...
Kevin Beres
Trying to Understand Eviction Process for My First Rental in VA
Hello Everyone! I just bought my first rental Property and closed on it at the end of the month. This is in the state of VA. I was able to get a decent deal on it since I got it off market however there is a big cavea...
Mark Kvam
Tenants won't pay water bill
I am looking at purchasing a small 22 unit MHP mostly owner occupied. The seller sub metered the water about a year ago but has tenants who have yet paid their bill. When I purchase I will expect that all tenants pa...
Jeremy Mattson
New Landlord advise.. Evict? Or wait it out...
Hi All, I am looking to get your opinion as to what you would do if you were in my situation.. and what I potentially can do.Situation:I have some not so ideal inherited tenants that I have been living next door with ...
David Troup
Advice on potential purchase
Hi everyone,
I'm a newbie here, I just discovered these forums for the first time, and what a great resource it is. Thank you to all who participate here and offer the benefit of your experience to others.
I am not...
Courtney Sutton
Private Lending - Where to start??
So here is the deal: With my current financial climate and aspirations, my best bet getting started with investing is through creative financing. I have a potential private lender / partner ready to go once they have ...
Douglas Wolf
commercial expense ratio
Can anyone give my a good rule of thumb what the expense ratio should be for apt buildings? Thanks
Cali Skier
Renter signed holding deposit that has a forefeit clause where we keep the money.
Hi,
We took a property off the market 6 weeks ago because we landed some tenants that paid a deposit / holding fee. They signed an agreement to comit to signing the lease or forefeit the money. Aug 1st is the day...