Theo Hicks
Asset Management Questions for Experienced Apartment Investors
Hello everyone,I am trying to compile a list of the best asset management practices from active apartment investors. If you have experience with asset management and multifamily properties, could you please provide an...
Account Closed
Fee for late rent
How soon do you guys start charging a late fee for late rent? I used a standard lease form that my agent provided and it says rent due on the 1st of each month. Then 3% late fee if more than 10 days late. Is that s...
Bryce Cutler
How do I best get smoke smell out of an apartment?
I inherited a tenant that smoked with a building that I purchased. He has left and we have had it professionally cleaned, replaced carpeting and painted walls and it's better but still smells stale. Any suggestions on...
Jack Smith
What helps you make a property more insurable?
Hi, I'm an Independent Insurance Agent with locations in Newburgh, Poughkeepsie, Millbrook and Montgomery NY. I work with Real Estate owners and investors of all size. I work with those who are buying to fix up and fl...
Bryan Williamson
LLC. vs Private Ownership
I’m trying to figure out what is the best way to hold rental properties. Is it better to place them under LLC’s or hold them under your name and then carry an umbrella policy to have more liability coverage?
Chris G.
Drugs in a Rental Property
Been managing a student rental property, the tenants have rented for a few years now and are reasonably good tenants. However recently I've been going up to the unit more frequent since some larger repairs are being d...
Jordan S.
Bought 4-plex. What is the best way to transfer leases and deposits
I am about to close on a 4plex in Washington state. I am looking for advice as it relates to the tenant leases and security deposits. I understand the prorated rents go on the HUD and are settled at closing. I...
Adam Anderson
Use the Banks Title Company or My Own in NJ?
I'm buying my first true foreclosure and the bank is offering to pay all the title fees if I use their title company. I already confirmed with the town that the Taxes and Utilities are paid in full and there are no c...
John Rovin
Pending Release on Previous Owner Mortgage - Title Search Question
Hi Community,I am looking at a property which is foreclosed.It had below events on property:1\1\1999 Deed of trust -- Owner1 -- ABC Mortgage1 (Subsequently Released)1\1\2000 Deed of trust --Owner1 -- XYZ Mortgage 2\1...
Alex Boyce
Closing Costs - Am I paying too much?
Hey BP,
I'm new to real estate investing, and wanted to get some opinions on closing costs.
I have already bought and sold a primary residence, prior to really getting into doing it as an investment. Made a profit, ...