When you know the person won't qualify based on what they told you (credit) and you explain the application/prescreening process explaining this will be an issue, but they want to go ahead and submit an application an...
Hi, just posted to a business development thread about LLCs. This is the most popular entity I'm sure for small RE investors, but I have not seen much about working with or as a non-profit.
Just b...
After 9 years in investing in a 4 unit in DC with section 8 tenants, intense city govt regulations, multiple fines and tons of (painful) lessons learned, I am done. The tipping point is the recent DC Government legisl...
I allow my tenants to have most dogs. the exceptions are very specific quoted from my landlord's insurance. if my insurance will not cover damage of any kind caused by, say a german shepherd, and a prospective te...
For those of you who own more than one STR. How do you have it structured?
I see a lot of discussions about placing properites in an LLC, but the discussion tends to end there. When I look at Airbnb profiles, I often...
One applicant thought I went overboard on screening them and asked too much for pets has threaten me trying to get their application fee and application form back. I have run credit report on the husband but not the w...
Hello,
I am looking to purchase a home that has tremendous mold damage in the basement. The basement is finished but took about 2 inches of water during hurricane Irene a year and a half ago. My questions are1) how...
As first-time landlords in California, when our "nice" tenant moved out, we didn't think to give a pre-move out inspection. We didn't know we were supposed to. On the morning the tenant moved out, the property was lef...
Hi, I'm Paul. I moved to Sunnyvale, California one year ago. I work as a Product Marketing Manager for a tech company. I turn 30 in September and would like to buy my first property around that time.
But let's back ...
Google the foreclosure implications of being a debt-holder in second position, and you'll find a bunch of articles explaining that if the house sells for less than what is owed, the person in second position gets scre...