In the acquisition of a property with an existing lease and clause that states rent can be increased in succeeding lease terms (with proper notice), is this a strict interpretation that rent cannot be increased in the...
Hi,I have my first property in NC that I have fixed up as a rental. I spent a lot of time selectinga tenant and thought I had everything ready to roll. Collected Oct rent, and a security deposit. Just 5 days after ...
Hi All - I have two single family rentals right now and multi-year tenants. We do a rental agreement every year, but of course I'm a softy and have a hard time raising rents. Does anyone have an example of rental in...
Hi Everyone, Just looking for some feedback on this scenario from anyone that is familiar with rent controlled units in NY. Looking at a small multi-family in Brooklyn, most units are rent controlled. 1 unit is occupi...
Hello All,Question for you using an example I am considering:I have a large property that is central to my units. This property has a large detached garage. I would like to hold materials and construction equipment in...
Hi,
We have one unit of a 6 unit building that shares gas & electric with the building. Never had an issue in the past with a tenant of 10+ years but they recently moved out and we are trying to figure out the be...
I have converted a 3br house into a 5br house and the renovations are finished! It's our first deal, about 3 blocks from a decent size college.I have 5 guys interested in renting by the room for $550/month.Electric, W...
Hi BP!I recently rented one of my units using a leasing agent who was referred to me by a friend. I provided my own lease which specified that first month's rent, last month's rent, and a security deposit were require...
Has anyone had any luck in lowering their insurance premiums by providing the leases, that include a long list of safeguards, to their insurance company? Safeguards would include verbiage like; no grills, candles, ope...
Hi BP! One of my units is occupied by two roommates, who both share the rent payment. Now one of the roommates called me the other day stating that the living situation is not working and he would like to leave, I was...