Jennifer H.
Should I charge late fee on the first month?
Husband and I don't agree on whether or not we charge a late fee for the first time rent is due, let me know what you guys think.
We just had a lady move in on Feb 1st and this March 1st is the first time ren...
Ray Loveless
My Painter wants half down. What's the best way to cover my self?
I'm doing a small flip on a house 2 hours away in Utah. A fellow BP member gave me a referral of another flipper in the area. I called him about contractor suggestions and he mentioned that his son does painting and o...
Daniel Miller
security-deposit awkwardness
I know that folks on this forum always recommend (rather strongly) requiring a security deposit along with applications for a rental property. (This is the deposit for the application, *not* the deposit for actually ...
Marshall White
Advice for a tenant breaking a two year lease
Hey everyone! I'm new to BP and wanted to get opinions from other landlords or PM's that have dealt with this type of situation. I have a tenant who signed a 2 year lease in March 2019. They just informed me that they...
Patrick Philip
How would I find a manager for my flips?
Maybe 3 years down the road, I would want to take a more hands-off approach and find someone to handle the day-to-day part of the job. Currently, I am there every day and doing a lot of the work myself.Where would I f...
PJ Kolnik
About to become a Landlord!
Hi all, I’m just about to close on a 3 unit property here in Chicago. It needs a bit of work with one unit I will live in and another two to rent out. Both have current leases that will run out in March and then I can...
June Crile
Why Should/Shouldn't I buy an Alabama Occupied Foreclosure?
Hello Alabama Community, I'm not new to buying foreclosures in Georgia. I have children that recently moved to Alabama. I am considering buying at foreclosure auction. I've been reading as much as I can. My main ques...
Jeanelle Ignacio
Strategies & Tax Implications for purchasing commercial property from parents
This is my first post for some insight on this great forum...and it's got a ton of moving pieces.My husband's parents own commercial property (free & clear/no mortgage) on a large lot that has a board and care (as...
Ryan McKay
At what point is it affordable? (bringing in the pro's when you have one property)
Hey folks, long-time/first-time!I'm fairly new to "the game" with one property in Murphy, NC and not quite 4 months of operations under my belt.Tax season is coming up and - as a newbie who is not yet cash-flowing (we...
Frank Schwarz
Property taxes are twice as much as the mortgage!
I was just looking at a property and was amazed that the property taxes are so high!The house is on the MLS for $56,000 and the taxes are $6460 annually.Checking past tax amounts showed that in 2011 they were $14,498 ...