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I have a long distance SFH that cashflows about 500-600/mo on paper and have owned it for 3 years. This thing should be a machine but the PM always seems have something come up that causes me to not cashflow. I’ve bee...
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Hi- I need advice from anyone who has any Mobile Home (MH) experience. I'm a lender to a mobile home owner whose MH is residing in a private MH park. The owner has defaulted on his loan already with me and is also not...
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I have been in discussions about purchasing a 20 unit apartment complex and have some questions. Property detailsPrice- $350k20 units- all 2/1.5 townhome style apartmentsRents- $500 per unit Taxes- $9k per yr (per f...
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Experienced landlords and property managers, I need your advice and opinions. If you had to prospect tenants to pick from, which would you pick?Applicant 1: has an eviction from 2 years ago, with a writeoff of nearly...
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I just finished working with Habitat For Humanity for the day on home demo. And I was wondering if any one has done this and thinks it provides some good experience.
Today we worked on demo and stripped the house do...
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I accepted an offer, from among 3 competing offers, for a single family house in Indianapolis. Part of the reason I accepted the offer was because it included an "as-is" addendum. The buyer is now trying to back out...
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I have a tenant whose boyfriend is essentially living there now. The lease states that no one can stay more than 15 days without being on the lease. She says he stays at his own place about once every 10 days (conve...
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I've noticed there are roughly three things that are a common issue when tenants move out. As such today I started sending emails about these items to tenants, starting with the tenant I have moving out now.Carpet/Wal...
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Over the last month, we had an unusual situation in that 5 units all came vacant at (roughly) the same time as leases were ending; instead of tenants renewing, two bought houses, one couldn't navigate steps any longer...