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Hi AllI have a tenant who on various occasions has fixed issues that have come up and deducting the cost from the rent without reporting the issue until after repairs are made. We usually find out that there was an i...
Question for seasoned developers.
My partner and I develop in the Los Angeles area and we are currently building our first project on hillside downward slope.
With that said we looked at another lot today but it i...
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Hi All,I've been looking for my first investment property since the summer. I've been very carefully searching in hopes of making the best decision, and avoiding some of the common 1st timer mistakes. I'm preparing to...
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Hello,
I have a residential loan on a rental property that is in my name currently. I am planning on selling that property and 1031 into a larger apartment building which will be a commercial loan and held in an LLC....
Hi all! I'm new to BP and was hoping to get some advice. I have a 25 year old single family home with its original A/C & furnace. The A/C unit is pretty rusted outside but still functions. However, my tenant notif...
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I know that a lot of newer investors have trouble understanding the rental license process in Philadelphia and what must be done. Below is a step by step process of what you need to do to get a rental license. Once yo...
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One of the units we managed flooded due to the unit above having a water leak. I contacted the owner of the unit above and they're refusing to pay for a majority of the issued caused, so the us and the owner has agree...
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Hi BP!Yesterday, I got a default judgment on a 2-count eviction (for nonpayment AND for a confrontation with the property manager involving the police). Today, I found out that they filed for bankruptcy protection. My...
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I know the basics of VA and FHA but you don't see this kind of situation too often. So I bought my primary home with VA under my name only more than a year ago. My husband does not have a mortgage and is not on the ti...
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I think I came across this idea on BP but cannot find that post. Basically to protect from lawsuits one creates a property management company as an LLC. You rent the property to the LLC and the LLC sublets it to the t...