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...
Gregory Johnson
Buying my first property
I want to buy a Multi Family home or town house and live in one unit. I want to rent out the other one or how ever many units that may be available. This will be my first investment. But I'm in the process of trying t...
Allen Lucas
People Not On Lease Living In Property
What is in my power as a landlord if I discover that people who are not on the lease live in my property?
Jimmy H.
12 Unit Mobile Home Park Analysis
Just saw a recent listing on a mobile home park that is about a 45 minute drive from my current residence. I am unfamiliar with MH park investments and am curious as to how to value the cashflow.
Seller is asking $1...