Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...
Katrina P.
How do you avoid so many credit inquiries?
I am in the process of loan shopping. Can anyone tell me if it's possible to avoid so many credit inquiries when loan shopping, or just purchasing period? If I'm buying 5-6 houses per year, that could be very ugly o...
Joshua Walters
HOA Foreclosure- Mortgage Payoff
I bought this home from an HOA foreclosure auction. The house is worth $650,000 (conservatively). The previous homeowner took out a mortgage for $275,000. Since I bought it from an HOA foreclosure auction, I know the ...
Tobey Porter
Ohio eviction experiences/thoughts
Anyone have experience with an eviction in Ohio? I've got a tenant who, after trying making excuses for not having rent, finally admitted he couldn't come up with the money. My manager told him to be out this past w...
Chris Harrington
Texas or Washington - MFR Buy + Hold
Hello,I recently accepted a remote sales role and am planning to relocate out of Massachusetts to either Texas or Washington (based on a number of factors/analysis I did on the market, economy, taxes, etc). Given that...
Jacob Morgan
Tenant screening: which flawed applicant would you go with?
I have a remodeled, multifamily building in an smaller, old railroad town which has been down on its luck for a while, but seems to be slowly improving. As such, the core neighborhoods are pretty scrappy looking and m...
Tim Jones
Successfully Purchased 2nd House using Rent by the Room
(I just posted this as my first blog, but it's my first success story also)StrategyRent by the Room (RBTR) allows me to maximize the rental income from a home, while still having long-term tenants on leases. Instead o...
James Danchus
Need Help! Agent Asking For POF.
BP,
So, I'm trying to get a deal off the MLS and this agent, after telling me that her client is motivated, tells me she needs a "proof of funds" in order to entertain any offer. The problem is, as you probably guess...
Firen Forrest
Texas! Pros/Cons & Best Markets
I'm planning to buy my first property in Q1 or Q2 this year. I'd like to do BRRRR cash buy with all in at <$100K and refinance in 6-12 months. I live in the SF Bay Area but am from Dallas so have been looking into ...
Nathan McDonald
Security Deposit Questions (Minnesota)
I recently bought a duplex (my first property) late Jan. 2020 and inherited tenants for one of the units. The tenants had a lease from September 2018 - August 2019 and were on a month to month after that. I gave them ...