Ben Wakefield
How do I manage property out-of-state if I'm just starting out?
I live in Los Angeles, and every day I read things on BP and elsewhere that it is very very difficult to find deals here when you're just starting out and don't have a really solid team working for you. So I have ...
Granville L.
Tennant squatting
Well, after 4 years of renting we have our first squatter. Long story short, they paid for the month then did a stop payment on the check. When confronted they said they were not paying so I evicted them. Funny thi...
John Clark
Trying to escape the analysis paralysis
So I am oh so close to moving on my first deal which will be a multifamily house hack. And as excited as I am about it, I feel like I have to do 1000 things first and that thought is keeping me from moving forward. ...
Ayana Lugo
Why are investors not using PMs?
Hello all!
I am new to this site and have been getting active on many threads and I see a common theme in the rental area - investors are managing their own property. I am wondering why so many investors are not usin...
Diana Costta
Having a hard time finding tenants for my rental my unit.
Dear BP investors,I have a duplex in Ohio and I put an 1/1 unit on the market for rent. It has been on the market for more than a month, my PM told me to consider decreasing the rent, but I see competitors in the area...
Account Closed
What is your system for collecting rent?
I've always just collected checks on my SFR in the past and that has worked, but I could be closing on a triplex soon and I am worried collecting checks will turn into a headache. Does anyone have a system/app/program...
Greg K.
Very strange Short Pay/Sale clause in banks agreement
Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
Sierra Fox
Tenant Gets a puppy against landlords permission
Hello,
My tenant signed the pet agreement (addendum to rental agreement) prior to getting a puppy without my knowledge. I just found out she got a puppy after signing the document and not asking for permission. Wh...
John Sampson
Self filing taxes for small property management company
Hello, let me start by admitting I know I should have had an accountant do my taxes! I have a single member LLC for a property management company. The company collects all rents, so I have 1099 MISC from several agen...
Joe Henry
What forms of payment do you accept?
What is the norm for accepted payment forms? (eg, cash, money order, etc)Why do or don't you accept certain forms of payment?