Situation: Rental applicant is in town on extended business. She says at least 18 mo. She and an associate would like to apply/ sign a 12mo lease. Should I add to the monthly rate since I know she is not a long term p...

Hi,Today we closed on our first rental property!  It's a triplex with long term tenants. We plan on handing each tenant an introductory new ownership letter.Has anyone ever given a small gift with the intro letter?Tha...

Hi guys,The lease with my tenant ended but he paid for an extra month (last month is may), he had a fight with his girlfriend (she's not on the lease), he moved out and she stayed. I asked tenant to make sure she leav...

As I am trying to get my new duplex filled, a prospective tenant has asked about this. She "qualifies" for it, but they need to see a lease, though it does not need to be signed. Also, as has been noted in previous di...

We may be purchasing a building that is fully occupied with an FHA loan. Using FHA means that we will have to owner occupy. I have been trying to find information on process/guidelines on what to do if the units are f...

As a property owner, managing rental properties comes with its challenges and responsibilities. One of the critical aspects of successful property management is tenant screening.  Tenant screening is more than just re...

I have owned several properties however i have never inherited tenants.. Made an offer on two tri's yesterday. All units are currently rented. 50% are a couple months into year lease and the other 50% are on month to ...

Has anyone added a tenant to an existing lease? If so did you raise the rent? By how much? Or kept rent the same? Added new terms and conditions?my tenant wants to add the significant other to the lease. I think they ...

Hello,I have a judgement from the courts against a past tenant for past due rents due. Is there a process in RI that allows for a wage garnishment to recover those funds?

Hi Everyone!

I'm getting very close to purchasing my first residential rental property. I'm getting a bit stuck on the number crunching though, and thought I'd see what you all are doing in regards to percentage of...