Albert Johnson
Tenant threatening landlord
Well tenant complain of a smell in their room. We had plumber there 3 days ago and completed repairs.We was there 2 days ago. Tenant said plumber did excellent job. We did a walk through and did not smell anything 2 d...
Josue Guerrero
LLC's - Which provides the most tax benefits?
If I were to form an LLC with a partner, what would be the best route to take as far as tax benefits are concerned. Let's assume our strategy is to focus on the purchasing of distressed properties, fixing them up, and...
Julio Contreras
Rent Market in Ontario CA
Hello BP!Today I have turned in my paper to a lender to see how much I qualify for buying a house. I live in Los Angeles Area but planning to buy a house in Ontario. I want to house hack it buy making a studio in the ...
Brian Chu
Non-Renewal on a Lease
I have a tenant that is a habitual non-payer/late payer who has had numerous issues with their roommates (their lease is for a room within a townhome). Their lease is finally up in August of this year. Rather than go ...
Account Closed
Rogue tenant tampering with smoke detectors
I have a tenant who just randomly “fixes” stuff without telling me. For example changed out hard wired smoke detector and messed up the ceiling in the process. I want to keep better tabs on the situation by doing reg...
Kay March
Delaware Statutory Trust (DST) 1031 Exchange - Costs vs. Capital Gains Taxes
While considering doing a 1031 exchange into a Delaware Statutory Trust (DST), I read that upfront costs for a DST can range from 10% to 18% of the invested equity. Assuming that no debt is involved, Is paying that co...
Pat Cook
Owner put home up for sale, what are my rights?
Long story, short. Five months ago, we signed a six month lease for a home. Owner said she might be interested in selling it later. We thought we might be interested in buying at the time. Had to move here fast, to...
Carl Schmitt
How would you handle this?
I called an expired listing last week and set up a listing appointment. The next day, the house was relisted. When I called the owners, they said that couldn't be possible because they hadn't even seen the agent for...
Shannon Shaddow
Rental Oven Damaged-On us???
Hi BP!
I have a single family home that we rehabbed and rented out in 2023. A brand new oven and as purchased and installed in March 2023. Tenants moved in in April 2023 and renewed their lease again this spring. I...
Account Closed
Short Sale Flipper
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $194,025
The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sal...