Alan Roebuck
How Correctly to Prorate Rent on a Lease Renewal
One of our single-family-home tenants is renewing her lease. The new lease will take effect on October 23, and the new rent is higher. So her total rent payments for October will be 22 days under the old rent and 9 da...
Diane S.
Tenant is family, seeking to break lease. Please advise.
Hi. I'm looking for some advice on where to go on this one without further damaging relationships, and not putting our family in a major financial hole. Here is the shortened version of the story:About 4 years + ag...
Kyle Lindsey
Allowing people to choose the room they are leasing
Hi BP Community,
We are newish property investors. One of our properties is in a college town and we are renting rooms to students in a single family property. We have two rooms available for the upcoming school ye...
Samson Tefera
Lease property on HML to tenant instead of refi
I have a property for sale on a hard money loan which is due in 1 month. Property is under my LLC. I do not want to refi under my name and keep the property. I want to extend the hml, interest only, and rent it out. I...
George Murphy
Tenant wants roommate. Do they both go on lease?
I have a perspective tenant that wants a roommate. Do they both go on the lease? or is just one person on it and assumes the legal responsibilities? How do I go about doing this?
Ida Powers
Lease ending March 31st. How to get tenants out?
I have inherited tenants that have a lease ending at the end of this month. I want to get them out so I can update the unit. I have given them no indication that I will be renewing their lease and they know we have be...
Whitney Simon
Lease changes after sale of building with existing tenants
I am purchasing a property that has existing tenants until 4/2019. Can I make changes to the lease that was signed between the old owner and tenants, including increasing rent? I’m in Minnesota.
JC Hoffman
What is Best Advertising/Leasing Software to Compliment QBO?
I am a landlord with 54 units, a few years ago I successfully integrated QBO into my operation and it has really streamlined invoicing and collecting rents as well as filing taxes, issuing 1099's etc. I am looking fo...
Shannon W.
Financing for a rental hone that has active leases
Hello there,My husband and I bought a 2nd home last year and turned it into a vacation rental. We have owned the home for one year. We rented it out over the summer and have made enough to pay the mortgage for the yea...
Rick Bassett
Length of Lease Option Contract - 5/7/10 years?
It appears that 2-3 years are the typical length of Lease Option Contracts but that does seem too short if you are really hoping that the tenant/future buyer will really repair their credit in time to exercise their p...