Bevin Bankston
Time to be more strict with concessions after inspection?
Good afternoon BiggerPockets,
I just had an offer accepted on a home in Rhode Island. In the past I haven't done much in the way of negotiations after the inspection. I feel as though the more the market is changing ...
Teho Kim
Duplex in Indianapolis - Good cash flow but iffy neighborhood
BP,I got some incredible help on the last deal analysis. You helped me back out of my offer that I put in on a very marginal deal. I'm hoping you can help me with another analysis.Indianapolis Duplex w/ each unit fenc...
Moss Siridajnawanan
How/Can we negotiate to lower the purchasing price after it’s already in Escrow?
We got out first BRRR deal a few weeks ago and it’s still in escrow. We found out that costs of rehab is quite over our budget. We offered at $399,000. Rehab is $36,000 and ARV is $510,000. We are comfortable and expe...
Bill Flannagan
How to account of landlord labor in security deposit return
I recently completed my first year of being a landlord. The lease has ended and I owe the tenants part of their security deposit back. I had to have some repairs completed. Some things I had to sub out and have invoic...
Gulliver R.
Should I charge late fees for late rents?
In my regular non-mobile home park properties I charge for late rents. Do any of you mobile home park owners and operators charge for late rents or not?
Thanks!
Arthur R. van der Vant
5 best practices for screening tenants
Screening tenants is an important step in the property management process. By thoroughly vetting potential tenants, you can ensure that you choose reliable, responsible renters who will pay their rent on time and ta...
Mike M.
Military tenant trashed house
My previous tenants moved out and trashed my property. My property manager took all of their deposits and applied it to repairs but they still owe over $1000. She still works at the base as a Reservist and lives in th...
Mike Schorah
When and how do I get to close?
I put a property under contract. I submitted the Purchase and Sales Agreement to the title company with a $100 deposit.
I assigned the contract to another buyer. I submitted the Assignment of Contract to the title co...
Stephen Glover
13 Questions To Ask Your Property Management Company
Here are some basic questions to ask property managers during the sales process that I feel are invaluable. I'm a property manager in Richmond, VA and these questions have come from well-versed investors during the s...
Mike Montanye
Landlord Ins. vs Homeowner's Ins. For Long Term Rental
We are just starting down the RE path and have a ton of questions. Before I can find the answer I have thought of 3 other questions I need answers to. Just trying to avoid any massive mistakes that would sour this buy...