In the lending industry, there is a commonly used term called a “shopper” to describe a person who is calling every lender in town to find the best deal on a loan. Experienced lenders can usually spot a ‘shopper’ a mi...

We bought a duplex last January & inherited a tenant. It’s a duplex lot but has 2 houses on it. I’ve had nothing but trouble with this tenant. They pay their rent on time. When purchasing the property, there was n...

I'm really on the wall about this one, because lots of people smoke (eww... absolutely hate it...), and lots of people have pets and refuse to separate from them. And I think not allowing those 2 might narrow my poten...

I just purchased a duplex about 3 months ago and recently had the lower tenant move out because I raised rent higher than she could afford.  That said the new people moved in and they are demanding that I test the pro...

Hello!
Has anyone attended a Rich Dad seminar? Is it worthwhile!

Thanks!
Lynn

Do you reward your Residents at their lease anniversary, if so how?One of our policies is to reward a resident at their lease anniversary with a gift card to a very large national retail store in our market. The longe...

What’s the costliest thing that has happened to your rentals that you had to pay for? Did you sue the tenant?

I have one property that I purchased in 2019 from a turnkey provider, so there were no expenses on my part other than getting the mortgage. The first tenant moved in in January, so there was no income in 2019.Is the d...

Economic Update
(Monday, August 31, 2020)

The US economy got crushed in the second quarter, with the worst decline in real GDP for any quarter since the Great Depression. However, the good news for real estate...

My Husband and I own 3 houses and two of them are rentals. He wants me to put the rentals under an LLC. Now I know an LLC is to protect you in the event of being suid, but if we have good insurance polocies, does that...