Robert Nason
Landlords financing Tenants Christmas
I have 22 apartments all with respectful tenants Who for the most part pay their rent on time and take good care of their units. But It happens every time Christmas rolls around. I start getting calls asking if they c...
Jeff S.
Withdrawing funds-LLC
What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
Michael Stutelberg
Duplex in Minnesota with shared meters how to bill for utilities
I recently purchased a duplex in MN and am wondering how billing for electricity (without separate meters) can be accomplished? I have all utilities in my name but would like to add a fee each month added to the rent ...
Connie Tang
Raising Rents on Inherited Tenants
Hi All,
Seeking your thoughts, insights, personal experience, etc. on this...
I am in the process of purchasing a 3-unit property and would be inheriting the tenants, who are month-to-month. Since the tenants would ...
Luka Milicevic
Would you take a tenant with a prior eviction
Had a tenant apply. Qualified on income and checks every box. Filled out all forms properly, and communicates very well. Has an eviction on record 6.5 years ago. If they applied 6 mo from now it would have not even sh...
Donald Cooley
Backgrounds
Hi all, My wife and I are in the process of marketing and renting out our first income property. Is it normal to do a criminal background check along with the credit history? Just curious. I've advertised on a site ca...
Chris Avery
Management Company Fraud
The management company in Indiana has been collectng rents but not paying me. (owner) How is the best way to put presure on her to pay the $20K that is owed?
Rickey Wallace
Behind in taxes
While driving for dollars, I stumbled across a property that I wanted to purchase before but didn't have the ability to, at the time. Upon looking it up, I found that they are currently behind on their taxes, by a yea...
Blake Mgbada
Avoiding Capital Gains Tax
Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...
Roman Stefaniw
Purchasing Properties in cash
Hello all. I was wondering if anyone purchases properties in cash and what the pro/cons of this would be. I purchased a duplex at the beginning of this year in the pursuit to begin my road to financial freedom. After ...