Stetson Gatlin
What to ask when interviewing a tenant
I’m renting out my first house and I have a couple of applicants with seemingly good applications.What should I double check on when meeting them in person and showing the house? Any feedback would be great, I’m looki...
Michael Dunn
Renters paying $500 per month .... How to Deosit it Taxes on it?
Good Evening ,I'm in a situation that is a good one , although it is new territory for me , and I need some wisdom as to how best to go about it.The situation is ..... I just bought a House that has a separate " Moth...
Ginny Townsend
Charging tenants for utilities after they move out?
Hi BP Nation!We have a furnished short-term rental in Sacramento and since we have a pool/hot-tub, we've included in our lease that we would cover up to $xx on our utilities bill, but over that we would pass the charg...
Justine Scheuher
How to use gift money
A few month ago, I was going to buy a move-in ready rental property with the help of my parents lending me $10,000, but 2 different lenders said I could not use gift money due to the government guidelines. (Money can'...
Ken T.
What is the best way to pet proof a rental?
I am currently looking for more investment property in my town, and in doing my research on the local buy/sell pages it seems like there is an incredibly high demand for rentals that accept pets. I, like most land...
Mark Devens
Lender wants to know where cash came from to pay off credit card?
I'm trying to get an FHA mortgage for a $95k house. I have all the money needed to close, but underwriting wants to know where cash came from that I used to pay off a credit card about a month ago. $850 or so. I'm not...
BRANDY MEADE
What terms for a short term private loan?
Someone has asked me to provide a short term private loan of $10,000. He is currently selling his home and will be purchasing a new build in another neighborhood. He needs to put a $10,000 deposit on the new lot to re...
Account Closed
FHA loan on second property
There is plenty of useful information on FHA financing here, but I couldn't find answer to the following question:Is my first rental property (non-FHA) going to affect my ability to qualify for an FHA loan for my seco...
Mary Jay
Rules and Regulations - does it contradicts a a lease?
Hi guys, sorry if I am asking a silly question. Its my first time I inherited tenants with a purchase so I am a bit lost...All my other rentals Ive bought with no tenants...Anyway, 1) if I send the tenants my rules an...
Jenny Samedy
Is landlord contract needed in addition to co-op's?
I am renting a co-op which already has a contract about the rules and regulations for the tenant to sign. Do I need to have a separate contract with the tenant? We already agreed on the price and deposit, is there any...