Lars Sommer
Evicting someone who doesn't have a lease
[I am cross-posting this from the real estate sales forums as I think that was not the correct location for the question, please forgive me if this is not appropriate]I'll keep this as drama free as possible.
I met a...
Aimee Brandner
How to communicate effectively with upset tenants
I have been doing this 18 years, and never seen a group so full of rage. After a couple major breaches in their lease, and my wanting to reassess the now month to month agreement, my 18-26 year old tenants keep threat...
Chris T.
Negotiating a NNN Lease Renewal
I own a STNL retail property with a national tenant currently on an absolute NNN lease. At the next lease renewal, they have a 5 year option with a 10% increase (two renewal options left total). The lease states that...
Marci Stein
Lease ends but tenant can’t move
My tenant ( an excellent one ) of 2 years informed me she will not sign a new lease and wants to move , however , since no one is showing apartments now she would like to pay month by month until crisis ends. I d...
John Kelsey
Newb BRRRR Refi Question
I'm getting hung up on part of the BRRRR strategy, can somebody explain it to me like I'm a small child?
Example: I buy a 40k house, put 8k down and spend 15k on rehab. Now it appraises at 80k. The bank lets me r...
Bruce Shiba
New lease agreements and increasing rent
Context: House hacking with an owner occupied single family dwelling. One of my tenants lease will be up in June 15. Currently, month to month rent is the default option after the lease expires. I'm wondering if a) I ...
Tim Coppola
Buying in the winter
Greetings everyone,For those of you not here right now, I write this as temperatures in Chicago have gone from the 80's to the 50's in a matter of days. Given the winter we had last year reality is starting to set in....
Anibal Zapata
New to real estate..Cash flow help!!
Hello BP,
My parents and I need help. Well to start off I'm fairly new in the Real Estate world but I understand the potential in owning real estate is to develop Cash flow by renting it out for more than the full m...
Chris Heeren
Keeping security deposit when tenant breaks a lease
I just had a tenant tell me today that they are breaking their 1 yr lease and will be out of the house this weekend. I'm thankful that I won't have an eviction but was wondering if anyone out there keeps the security...
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Land Trusts
I have an oppertunity to do a land trust on a property. I think I have my head around the whole idea. My question is has anyopne done a deal like this and how are the lenders looking at this type of seller now days an...