For those of you reading this is a bit of a rant/story, followed by a couple questions.  Please let me know what I SHOULD have done in this situation, so I can know better in the future.  Thank you for reading.     Th...

What happens if tenant does not pay RENT RAISE.....Hi BP,Can any landlords out there suggest what they dowhen tenants do not pay the RENT RAISE on the specified date ?They pay the rent, however NOT the rent raise amou...

I am in the process of purchasing my first home. The sellers have agreed to pay a majority of the closing costs and to fix some vinyl siding that needed to be repaired. After having the inspection done, a mold spot wa...

House bought in 2009 with $115,000 left on 30 year note.

Pmts w/o Taxes&Ins = 705.11 @ 5.8%

Property taxes paid separately @ $3360/yr

Rent estimates at $1300/month

Ins pmts about $200/mo...

I currently have one property rented out, I own and manage it under one LLC (I am the only partner). My question relates how to properly pay for and deduct business expenses across multiple entities. Especially if the...

My first post! thank you BP. I was planning on buying a house next year with my savings until I found BP and other RE channels. Performing Asset vs Liability.1. I am 35 from nyc have about 200k in cash savings, making...

I inherited tenants from my first purchase and their leases will expire in a few months. I've sent them notices of rent increase for when their leases expire and requests to sign into new leases. I'm wondering, if the...

Hi Team!

I recently purchased 3 buildings(43207 & 43206).I have a tenant who is not responsive at all and refuses to sign the lease. I spoke with my lawyer and drafted a 30 day notice.
After the notice is give...

Having a bank account should be a necessity for a renter you may approve. If a renter says they do not have a bank account and will only pay everything with cash, this request could be a big red flag for them performi...

I just had a consultation with someone who has the following story. Classic example of a prohibited transaction. Sometimes I hear arguments against “checkbook control” that custodian is there to protect your IRA and p...