Michael Ghim
Recs for business checking accounts and credit cards - can you have too many?
What do most do in terms of keeping rental business out of personal finances? My eventual plan is to scale - do most have a single financial LLC with its own checking account and each rental LLC finances go through th...
Morgan Porter
5 Tenants. 1 Lease. Only 2 Clean for Move Out
I have a single family house that I rent to students. It’s always one group lease. I never rent by the room. I just had 5 girls in the house for 1 year and the lease was up. I was contacted by 2 of the 5 claiming the ...
David Moore
Pay the Water Bill or Not?
In the town I invest in, the Water Department will send a bill to the tenant, but the understanding is if they don't pay, the owner is responsible. I've noticed most other landlords in my market pay the water bill, r...
James Wagner
NEED ADVICE! Tenant trying to get out of lease 2 days before move
Fellow Landlords,My tenants are trying to back out of the lease 2 days before they move in. Any advice would be great. Here's the background:I have a 1973 SFH in Wichita Falls, TX. 4/2, 2143 sq ft on a corner lot. I a...
James Peever
Need help reviewing contractor bid
Hi BP
We have bought an investment property update Ny. This is our firsts major rehab job and trying to follow some of the BP ethos when working with contractors is proving harder than expected. This is the current q...
Clayneal Pononuihanohano Afaihere Garrigan
How Do I Protect My ARV, from Bank Appraisers that drop $20k-$30k
Whoop! Whoop! YOU bought your very first property for $200,000! You got your rehab budget of $50,000. And after checking the comps you're 'positive' that your ARV is $300,000... After about two months worth of rehab, ...
Kim Heretick
Labor of Love Flip? Closing in 5 days
I close in 5 days on a 1927 beauty in Toledo, Ohio. REO will cost me $99k and ARV is $195k. 2300 SF, 3/2.5, 2 car attached garage.Previous owner installed PEX plumbing but didn't pull any permits. I'm nervous about...
Danielle Spears
Should I let my Investor speak with my Seller?Or conference call?
Hello all,My investor wants to know if he can do seller financing on the property for sale. He would like to speak with the seller about this. I have been back and forth between the two about a good time to speak. Sho...
Jason Read
Let's Network - New Member
Hi BiggerPockets Community,While this isn't my first post on the site, this is my member introduction. I'm a 21 year old resident of Orlando, native to South Florida (Martin County). I am a Finance student at UCF wi...
Eric Knapp
Eviction drama
So I am in the process of evicting a problem tenant. Lease expired and I don't want to renew, and he owes rent. Served him with a 3-day Pay-or-Quit. Sent petition to court and am now awaiting a hearing date. Today...