Stan Furman
Tenant despises owner after late payment eviction
Repeated texts to this tenant re: late rent got exceedingly frustrating. Tenant was warned of consequences and he texted "see you in court". He WILL lose.
But, now he's got a job and is paid up. Won't ...
Stewart McMillan
Another Chicago Horror Story - 72 Hour Rule
So I made a huge mistake with my ComEd bill and the power was shut off on my tenants.I tried my best to restore power after the tenants notified me on a Friday morning, but it was an exceptionally busy and important w...
Roger Johnson
New from NJ/NY area!
Hello all! My name is Roger Johnson, I live in Maplewood, NJ which is in Essex County, less than 30 mins from NYC. I'm a 34 yr old architect and I have two 2-family houses (one I live in and one in Newark) and I'm lo...
Jackie Sladky
Would You Rent to Him?
We have an applicant who lived in another place nearby for 8 yrs and is looking because the property that he and his two teenage sons live in will be sold. He seems pleasant and is approaching 60, landlord liked him...
Jennifer Knestrick
Rate lock and loan amount
I realize this will simply come down to bank policies, but I’m curious what’s typical.In the the midst of a 1031 exchange, we qualified for a mortgage on the replacement property at $2.9M, and rate locked in mid July....
Jen Buchanan
Tax Deductions
Hello All,I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars an...
Rosie Small
Do I have to payoff my Heloc if my primary is a rental income property?
I have a Heloc in my primary residence, which I want to convert it to a rental and buy an other primary. Would the bank ask me to payoff the Heloc, since they will receive a new insurance and I will loss my homestead ...
Joey B.
eviction
I have renters in one of my houses that have been jacking me around on paying the rent for the last 3 months. Well, November is still not paid and I talked with them and they keep giving me the "we'll have it next we...
Account Closed
LLC or sole proprietor?
Well... I have been talking about if for years. I think for many, a may have sounded more like a talker and not a do-er. I'll be closing on my first 2 unit in a week or so. I just went ahead with the formation of an L...
Noah Wood
When and How to setup an LLC
Hello, posting this in the pro area in hopes of getting some expert opinions! I plan on doing fix and flips and maybe some wholesales for now, with that said I have some questions and would really appreciate if anyone...