My husband and I have two rentals- my former residence, a condo in the city of Chicago, and his, a SFH in a B/B- western suburb. My condo cash flows $550 per month, we lose about $50 with his.

I need your advice on ...

Hello all,I have been a member for about a month and have been too afraid to throw out an introduction until now, it is time for me to jump in. Roughly five months ago I bought my first investment property and I'm hoo...

Hello BP community,I am a newbie landlord and I have rented one of my units (SFH with 3 bedrooms/2 baths) to an older couple and their adult daughter. They have been wonderful tenants so far. The mom recently told me ...

I guess I'll get right to the point as I don't want to waste the time of the wonderful people who decide to help.I'm a 19 year old college student who is looking into investing through real estate. I am wanting to get...

Well ive decided to dump my pm, and go a smaller, more local company that seems more up front, charges less per month and new pm is a rental property owner himself. Anyone have a sample letter of termination for pm? I...

Quick case study I was hoping to get a couple of updated opinions on.I inherited tenants in a duplex I just purchased. Long story short, I honored the existing lease which had a low security deposit (<50% of rent),...

Our lease does not have a clause in it for when a tenant would want to break the lease early. I don't know how this slipped through the cracks. Has anyone been in this situation before? The background story. We rent a...

Hi Everyone!  It's been a while since I posted last.  We've been struggling with our inherited tenants, and we're finally at the end of the lease!  I will say that we have learned a LOT through this last eleven months...

Hi everyone, currently own a 3-plex unit in Shreveport, La -- I am self-managing the property (my first one). My tenant is late on a payment and currently owes $700 rent + late fees for a total of $775. Today is the f...

Well, put me in the camp of no longer accepting two year leases.  The problem, as I've learned recently, is that the lease really only binds the landlord.  The tenant can still leave whenever he wants.One of my tenant...