Lloyd Segal
Economic Update (Sept 28 - Oct 3, 2020)
Economic Update
(Yom Kippur Edition)
The second quarter of 2020 (April, May & June) was the mother of all economic contractions. Real GDP shrank at a 31.7% annual rate, the largest drop for any quarter since ...
Joshua Van Every
To waive inspection or not?
Hey guys, Yesterday I put my first offer in on a beautifully remodeled flip. Everything from the electrical, plumbing, roof, interior and exterior was brand new. I’m in Milwaukee and it was located in West Milwaukee/S...
Nicho Pruett
Inherited home with defaulted mortgage that was never foreclosed
HELP - What should I expect when negotiating? Background: I inherited my childhood home only to find out that my mother refinanced it 15 yrs ago for $70K. She made payments (about $25k) up until about 7/8 years ag...
Stan F.
Dirty tenant clause in the Lease
I have a tenant that is going on 3rd year and their contract is due to be renewed. They do occasionally pay late but within grace period ( I have 5 days). I am planning to put them month to month and try to entice pro...
Account Closed
Tenant Lying About CHICKENS on the Property - Evict or Not?
Hello!I have a tenant in one of my duplexes who told me on her lease application she only planned on having one small dog on the property. The lease contract says explicitly NO PETS unless otherwise put into writing. ...
Jason C.
Number of inspections when selling
We have accepted an offer on a beautiful, fully remodeled, house built in the early 1980's. We have done all the work on the house ourself with the help of a general contractor who is a friend of ours and made sure it...
Megan Arzt
Partial Rent received. Now it's late. What to charge?
So my tenants paid $1000 of the $1200 that they own me. Rent is due on the first, but late fees don't kick in until after the 3rd (on the 4th). The late fee is $30- day. Do I charge them the whole late fee or pro-r...
Joseph Ochoa
Seeking advice oh how to get started in RE. No previous experience.
Hello, I hope this message finds you all well. I am writing to seek guidance and advice on venturing into the world of real estate, particularly focusing on flipping properties and the BRRRR strategy. I am starting fr...
Rob C.
Is it really that important to hire contractors that are insured?
From what I've read in the forums it seems that conventional wisdom here is it's best to hire only contractors & handymen that are insured. I adopted this perspective when I started as a landlord as I tend to trus...
Travis Bohling
Stop Inspecting Occupied Rentals
Landlords and Property Managers should stop inspecting occupied rentals.For residents, an inspection feels like a prison shakedown without the cavity search.For owners, negative goodwill with the residents and some ph...