Louie Gabriel
PM Owner Distributions
How many days is typical before owner funds are distributed to landlords? My old PM used to be 10 days my older PM company was purchased and the new company is more like the 20th which just sounds ridiculous.
Roosevelt Burney
Interesting Contract Question
If the purchase and sale agreement has a 21 business day inspection clause, but the closing date is written as a few days before that inspection period ends, is the buyer still able to back out of the contract based o...
Derrick James
Purchase and cash out refinancing loans
I'm a new investor and I have a question If I'm purchasing a home for rental with a hard money loan for 300k and the house is worth 500k can u so a cash out refinance loan while I still have my purchase loan active an...
Joshua Solomon
When enough is enough too many excuses form your tenants- rent
So I have a general rule with tenants 2 srikes and your out - as in "I’ll pay on the 6th" (insert excuse) "oh I’ll pay the 15th" (insert excuse ), if 16th comes along and rent isn't paid then I evict . What’s everyon...
Elizabeth Hernandez
When would be the Closing date for this Mobile Home Sale?
Need advice please: The Contract date was May 20, 2020
When would be a closing date for a Mobile Home Sale?
or is the Closing date the day the seller gave the keys?Is the new resident date the day the New Owner mad...
Bill Coleman
AirBnB or FRBO - who out there is doing it or tried it?
I want to try using AirBnB or FRBO to rent living space to corporate customers at a rate lower than extended stay hotels and by providing an atmosphere closer to a real home. It would be completely furnished. Of co...
Kay March
New tenants sign lease, then their house fails to sell.
A couple who was selling their house applied for my rental. They were sure that their house would close on a certain date post lease-signing, and upon my urging (twice) they confirmed with their real estate agent that...
Bishara M.
Tenant not responding about Lease renewal
Dear my wonderful BP Family,My wife and I are Househacking in Carrollton, TX a 4x2 single family home. Renting by the room. The situation is as following, the Tenant's lease ends on Oct 31st 2021.I sent out a Lease re...
Jimmy S.
tenant did not include late fees
How do you handle late fees if tenant has paid the rent late but did not include the late fees. Do you send them a letter, call them or how do you handle it?Rent is due the 1st and 2 day grace, 3rd day $40 late fee st...
Joe Garvin
AirBnB Reached a new Low & refunded a guest for mosquito bites
We recently had a guest from New Jersey who arrived on July 23rd and was booked until August 6th. He was a difficult guest from the start and very needy! After they were there for 12 days and also tried to have addi...