Smith Ana
Adding tenants to LLC to bypass HOA rental cap
So we are moving to a single family house and would like to rent our town house. But our community has hit the rental cap (20%) and since the HOA is still owned by the Declarant and not really the home owners, there i...
Stephen Hayworth
"Emotional Support" dog in Texas
We have some tenants who, after moving into one of our apartments, declared that they had acquired an emotional support dog. We have asked them repeatedly for documentation and they have not complied. They emailed us ...
John Chea
When a tenant moves out and new tenant moves in.
Hello everyone, I am new to property management, my tenants are grandfathered in when I bought the property and would like to know how I should handle the current situation. Short story, husband and wife on month t...
Keli A.
Input Please - Pay off our Rentals or Contribute to our 401K's ?
We have six rentals. Both of us are W-2 employees within 10 years of retirement at 67. One employer matches 401K contributions for first 6% at 50% match. The other employer offers No Match at all. We had each been...
Matthew Porcaro
How should I take rent payments?
Hey Guys - what is everyone preferred way of taking rent payment? Only own two units currently, so I don't need a robust system just yet. How should I have my tenants pay me? Up until this point I've just been taking ...
Chris Loker
Seller financing offered but at full retail price and 20% down
Just spoke with a lady in Gallipolis, Ohio who is moving to England. Her home was listed with a realtor a few weeks ago at $125,000, which is retail. She is open to keeping the loan in her name but needs $25,000 down ...
Trey Gartner
FHA Loans on Multi-Family Properties
First-time poster and general REI noob here.I recently went through the process of getting pre-approved from one of the many online loan sites. The initial approval was for $450,000 with just under $25,000 as a down p...
Robert Krechter
Newbie from Denver, CO
Hello BP world. My name is Rob. I've been lurking for a while and decided it was time to introduce myself. I currently own a SF rental and have done a previous flip. Currently work a W2 as a firefighter but hoping to ...
DaJour Washington
IF YOU CAN GO BACK..
Hey BP Family! I have a very IMPORTANT question, If you can GO BACK in time to when you started out what would you DO DIFFERENTLY??
Ashwin Sundar
Is buying+holding a sf home at $175,000 a good deal?
The property is in Kyle Canyon. The garage is attached to another house, so its not truly a single house. It's 3 bedroom 2.5 bathroom built in 2004. HOA is $68 per month. Zillow has property tax at $1005 per month. Zi...