Account Closed
Rejecting applicant based on income
Hello - I am about to reject a tenant based on income (applicant's income is 1.8x rent). My listing says 3x rent required. I want to to be as polite as possible - if I say "unfortunately you don't qualify based on in...
Sean Treston
Steps to be a Landlord in PA- Philadelphia
Hi Everyone,
I am new to the landlord business....and I've been doing a lot of research in the past few days to get ready. I've compiled a list of steps that I need to do before I find tenants, and I wanted t...
Aaron Davis
service dog and weight restrictions
So we have a clear pet policy that states a 30lb restriction. Tenants moved in with puppy (turns out to be part rottweiler). Now they tell me that they've registered the dog as a service dog, shown me papers, doctors ...
Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...
Avery Moore
How do we prevent or stop these crimes?
I've been seeing a lot of rental frauds and illegal renting on the news lately. There's also scammers out here that are renting "squatter homes" and are making profits from unoccupied houses offering renters a year o...
Salman V.
Sheriff Refused To Do Eviction - Social Services Called
I have a property in Cook County, IL. The Sheriff came out to do the eviction. Because the tenant is disabled and bed ridden they refused to do the eviction and called social services. Now they are working on relocati...
Edward Casano
Calculating Property Tax in NYC
Hi All,I recently began my search for a multi-family property to buy and hold in NYC and have been getting caught up in the tax calculations. I worked with a couple different lenders and they didn't completely underst...
Bob H.
Oil stains and solvent odor in garage
I bought a house in Fort Collins, CO, with a three-car garage that the seller used to work on old cars. It has lot of oil stains on the garage floor and smells like solvents.I tried a couple of cleaners with a pressur...
Michael Lleverino
Financing alternatives
I've been contemplating using HML to buy my 2nd property. My understanding is that HML will lend you money for about 6 months allowing you to sell the property or refi to a standard long term mortgage. Problem is...
Dominic Punzo
Duplex to triplex in the Philadelphia area. Zoning
I'm currently looking into buying a duplex and the possibility of turning it into a triplex. It's in the Philadelphia area and I'm just curious on the proses and if anyone has had any experience with this before. Any ...