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So first we bought this 6 unit in New London, everything was going fine until the insurance company did their inspection. Got a letter in the mail of their “recommendations” that are mandatory that I complete. $10k la...
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A restaurant owner is looking to buy one of our flips, bank appraised at $200,000, we are asking $230,000 and buyer is happy to pay $230,000. The extra cash the buyer wants to bring to the table is from the restaurant...
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Hello out there BP, I am trying to decide whether or not I have a case against my property management company. I've been reading some of the forum posts here on the subject of civil lawsuits against PM's and what I've...
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I am an appfolio user and have been for 5 years. We are based in Texas so generally a very friendly landlord state. We currently manage about a thousand doors and pay Appfolio many $1000s per month in fees. I don't kn...
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Hello BP,I have a 14 unit C+ apartment that I am debating on property management options. I work full time and I currently have an off-site management company that charges 8% monthly fee and half month's rent on lease...
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I will be closing on a 3 family shortly. All tenants are at will. I am located in Massachusetts. I will have a welcome package to introduce myself including:1. Welcome letter2. At-Will agreement with rent amount, due ...
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Hey y'all I just had a really annoying experience and wondering what the community recommends I do. Here's the deal: I have a tenant who signed their lease in January, with start date February first. Back in January I...
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Hi Bigger Pockets Members,I wanted to take a minute to recount an experience I had with a recent wholesale property. I hope that this can help someone who may be struggling with the same type of situation. I'm aware t...
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My tenants sent me the following message. There was no previous messaging of any problems; they informed me of replacing and discarding the previous unit all in one message. Then expect me to pay for the new unit. The...
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I bought a duplex a month ago and inherited a tenant on each side. One tenant has paid the rent on time but one tenant is missing in action, unresponsive to phone calls and won't pay. Today is the 7th and still no sig...