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I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high a...
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Because asset protection is a high priority for me I've kept everything I've done until now in an llc. However I've been thinking about financing, and the very cheap and long term fannie/freddie loans are enticing. To...
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As an LP, how should I compare the track record of a sponsor that began with experience in the market prior to the Great Recession and weathered the storm vs a sponsor that spawned post 2012? How much credence do you ...
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I use the security deposit (and the first month's rent) as a test case to see if the potential tenant will be able to pay rent on time. If they can't come up with a security deposit and 1st Month's rent prior to w...
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Being a rental property owner comes with its challenges. Filing an eviction on a tenant that is behind on their rent is the only way to be successful as a landlord/manager, BUT....this time it’s different. This is a o...
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Hi All,Happy to say I just closed on my first investment property. Its not been an easy process. As part of the deal we received an estoppel for the back house tenant. After closing we gave 30-day notice to this tenan...
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Question for you Landlords out there: What is your process for showing a unit and screening tenants? I have heard that some landlords require an application and background (which would include a fee) before they will ...
Tenant signed lease (No pets, No smoking)
They moved in with 2 cats and 2 dogs. The place reeks to cat urine. So I fined them $100 and raise the rent $50 per month. So they moved out. Before they left they painted the...
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Hi everyone! I'm so happy to be posting for the first time here at BP! I'm a long time podcast-listener and have been reading the forums and blog posts for a while. Also, I'd like to share that I'm closing on my first...
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Hi everyone,
My rental property is a SFH (class A) in a great neighborhood and in the coastal region of the Bay Area known for outdoor spaces, nature and great quality of life. It is now on the market to rent and bec...