Ed Banfield
Odd request from landlord
Looking for an apartment in MD for my daughter, we decided on one on September 30, we did not need it until November 1. Real estate company sent forms to fill out for credit reference and all that, took a few days, c...
Michael J. Beasley
Sick of the Line "Projected Rent is Such and Such $$$"
I've been looking at a bunch of 2-4 units and keep seeing vacancies and tenants paying low rent... but brokers keep throwing out the the "projected income" number in my face (even when the units have been vacant for 7...
Kenny Mariboho
Time-limit for tenants to request a pre-move-out inspection - CA Civil Code 1950(f)
We gave our tenant notice of his right to request a pre-move-out inspection 30 days before his moveout. The tenant waited 28 days (2 days before his move-out date) to request a pre-moveout inspection. It is too burde...
Kevin Kent
REO sell cancelling contract
I’m currently under contract on an REO property here in Chicago. After the inspection I was made aware of significant mold issues as well as some foundation and rat issues that were not obvious when we made our offer...
Donny Hodgkinson
First Rental Property
Investment Info:
Single-family residence buy & hold investment in Oakland.
Purchase price: $270,000
Cash invested: $10,000
4 bed one bath single family home in small town with great school distri...
Ming Zhao
Looking for 4% appreciation with 1% rent ratio
Hi,We're looking for suggestions on which cities/areas to invest. We are a buy and hold investor. We have several out of state rentals and are looking to buy more. In calculating ROI, these criteria seem to be the ...
William S.
Maintenance Budget Amount SFH
What do you budget for maintenance dollar wise? I'm not talking about CapEx, but minor repairs (wear and tear, light bulbs, door not shutting, etc).I've been doing $1,000/yr but that may be really high for B-class SFH...
Susan H.
Tenant didn't sign move-out checklist but...
Short version of long story: tenants purchased their own house in March but stayed in my SFH while they renovated their place. Lease was to expire June 25th. Skipping over the details, they requested a month's extens...
Tara Griggs
Buying Condo in HOA Litigation
I am interested in a condo in a high-rise on the beach. There are three units for sale, one on the eighth floor, one on the fourth floor and one on the first floor. The one on the eighth floor and the one on the four...
Eugene Mitchell
Escrow won't close
I bought a piece of property that ended up having five brothers that had to sign off on it they wanted nothing to do with the house so they signed quitclaim deeds (notarized) and one brother who signed over a grant de...