Shannon Elam
Lease Option Tenant
I have an interested lessee to do a lease with option to buy agreement. We ran a background check with a tenant screening website on both the husband and wife. The both have credit scores between 520 and 550. Their in...
Justin Park
Screening process when renting to college students
I've had a multi-family rental near Syracuse University that I've rented to grad and law students mostly without incident for the past 12 years. However my last batch of tenants struggled to pay on-time every other mo...
VAL A.
Property manager keeping my rent
I'm managing my daughter's condo in another state for her. I hired someone thru a referral to oversee two properties at $200 per month. Issue with the condo, tenant late for past 4 months and resulted in court pape...
Ryan Esposto
Hired a Prop Mgmt Company, failed to collect correct deposit amt
- Hired a property management company in May 2011 to manage my rental property- Typical management agreement between me and the company, included clauses saying that 1) they would collect a deposit equal to one month'...
Mohammad Nur
Sagging top floor of a duplex. Potential deal breaker or not ?
I have made an offer to buy a duplex which was built in 1940s. During the inspection, the inspector pointed out the sagging of the top floor to us. Picture is linkedhttps://imgur.com/a/w5BhAXsAs you can see that it's ...
John Williamson
Portland, OR Cost of Repair Estimating
Hey Everyone,I have been actively on the house search for just over 2 months now. We've made 10 offers on flip properties, but have been beat out by higher bidders each time. One good thing: my wife and I are being ve...
Edward Barrett
LLC Best Practice
For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?Are you representing yourself as a Registere...
Henry Clark
Self Storage- Making an offer on land
We operate in a 40 mile radius from our house. Anything is fair game within that driving radius. We have been really hammering one town trying to expand there and looking at all potential properties with a realtor t...
Kwok Wong
How to submit a respectful lowball offer?
Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the ...
Felicia Richardson
Fannie Mae HomeStyle
Hi all!It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product. I was looking at homes on Fannie Mae Homepath and I'm interested in buying a fixer upper. In comparison t...