Alan Sue
Living & Investing in Torrence
Hey everybody, my sister is currently looking for a place in Torrence, to live and invest in.I don't know the area, but have had family there for awhile, but most of the places she sends me details on wouldn't seem to...
Dave Francis
Digging in the basement
I purchased an investment property in Philly that I want to rent in about a year. The basement is about 5 ft and I want to dig it down to 8 ft for a laundry and extra bathroom. Is digging a good idea? Does anyone have...
Robyn Salawitch
LOOKING FOR CLAUSE TO USE WHERE I AM MADE A BILL BY TENANT'S BANK
I am looking to write a clause in my leases where the tenant shall make me a bill to be paid by their bank so I automatically get the rent every month. Does anyone have a sample of one they use in their leases?Robyn
Dhruva Patel
Half family occupied, half rental
Hey experts,I recently bought a condo under my name and created an LLC. The condo is under my name but the LLC was created because I planned on renting out half of the space. My brother will be living in the other hal...
Mitchell Heddings
No Junior Lien Clause
Hi, Guys. I have a question for any attorneys & mortgage gurus out there, that might be able to help :) Recently... I obtained financing for a project and noticed an interesting clause at closing. Basically, it sa...
Luke Aubut
Noobie from Madison, WI - familiar with central WI
Hello BP! My name is Luke and I live in Madison WI, previously from Stevens Point, WI. I have been dreaming of owning a rental property for many, many years. I’ve always thought about rentals as an ongoing paycheck a...
Jeff G.
Approved development not looking profitable - Ideas?
Hi all - Our residential development plan has had a "budget bust", so I'm looking for other alternatives. Here's the story:Background: Since the early 80's my family has owned 8.5 acres with our SFH on it in a good lo...
Jay Thomas
Section 8 tenant in a high rent area
I am currently considering renting my rental property to a section 8 tenant but the problem is that the market rent is about $300 higher the HUD Fair Market Rent. The property is located in suburban cook county. Since...
Grant Gibney
Utility Escalation Clauses
I own a duplex where I pay all the utilities for the tenants. Each unit rents for $700, but I added $175 "utility charge" each month making total monthly rent $875. Historically, total utility costs have been right ar...
Daniel T.
Charging Bills that are Received After Tenant's Moveout
We're househacking in an Atlanta-area basement and we split the utility bills with the main-floor tenants, who are schedule to move out in the last week of August. However, since the electricity bill is charged on th...