Deadrick Colbert
Buyer backed out, now what?
Obviously I try like crazy to find another one, but don't have very much time left. Anyone veterans have any advice for me? I'm going to have to scramble fast to make this one happen.
Jae Chang
Can a landlord evict a tenant for not paying late fee?
Hi everybody,I have a tenant who did not pay her rent on time. She was aware of the late fee and she agreed to pay it. However, when she sent her payment, she only paid the rent, not the late fee. She said she will...
Jennifer Fernéz
Situation
I'm currently looking to buy and flip homes.I just got off with a home owner who is facing forclosure and under distress. The home is estimated to be worth $225k and they owe $92k on the loan. The home went up for a...
Travis Kremer
Post Due Diligence Contract Termination
Hey BP,
I am under contract and passed the due diligence period on a tri-plex located in South Carolina. After discussing my concerns around the current market conditions sorrounding COVID-19 with my agent, she menti...
Tarcizio Goncalves
Cash on cash ROI vs Monthly cash flow
Happy New Year BP community,I started to analyze rental properties with the rental property calculator on BP. One house in particular that I am currently analyzing, after playing with the numbers a bit, I got my month...
Robert M.
Tenant says I cannot show the house (Michigan)
Hello,I have a tenant that has an expiring lease in at the end of August and she doesn't want me to show the house while she is living there, even though my lease says otherwise.Back story: About a 2 months ago the te...
Zach Hicks
Property Management Company Criteria
For those who use a property management company, what criteria do you look for in a potential PM company?
Account Closed
nervous about first rental!
Ok here is the situation I close on my first house ever on Thursday and I am nervous as to how to handle this situation. I have a tenant upstairs who has been there for 4 years and is on a month to month lease, so bas...
Russ O'Leary
Extra rent for renting to a smoker?
I have an application from a lady that other than being a smoker, I would rent to.Does anyone know of anything that would prevent me from charging extra rent and collecting a larger deposit to protect myself from the ...
Hector Bermudez
Would you Lease or Not to Lease?
Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit. The unit has brand new...