Sam G.
Chicago Landlords: Charging a fee for breaking lease and other?
Hi Guys,I'm working on updating my leases for future tenants. I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security dep...
John K.
Tenant keeps overpaying by $2
This one is a puzzler. So I have a tenant who is overpaying by $2/month. The tenant receives a weird amount (for round numbers for this example), lets say 101 dollars from housing assistance, and then also mails ...
Rowan Woodburn
No money no credit (bad credit)
How do I start investing into real estate when I don't have cash or good credit? Do I build a business plan and then present it to hard money lender? How does it work? I need a step by step process order and operation...
Joe M.
Worst month to find renters
A couple questions.
In your experience when is the worst time to have a vacancy? My guess is around the holiday season.
Second question is from a risk perspective. I have an opportunity to purchase a house that is...
Dustin Beam
Pulling out initial down payment...taxed?
Hello beautiful people of BP,So, I'm no CPA, but it would seem that if I do not apply my original down payment on a property towards the new purchase, it would not be taxable as it wasn't actually a gain. So if I orig...
Dave Garlick
What account pays for common expenses
I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...
Wesley W.
Buyers of rent-ready small multis: advice needed
Hello all,I'm looking to get some feedback from people who have made a practice of buying occupied rent-ready small multi-family properties.This is my niche of choice, and despite what I consider to be my best efforts...
James M Smith
Reasonable fees for Security Deposit retention in Arlington, Tx
Ok, lets get the "it depends on your state/local municipality" out of the way. I am looking for a more general quesiton of what is a reasonable hourly rate (or per job) to charge for DIY repairs. For example, if a t...
Alex Shaughnessy
TENANT DIED IN CALIFORNIA
Long story short............. My tenant died (not in rental) on 9/27/18. I was under the impression that on a month to month lease, it is terminated 30 days later. His autopay paid for Octobers rent. I let his family...
Casey LaValle
Low appraisal on refi- advice needed
Hi All,
Hoping for a few opinions. I have a duplex in a very trendy and fast growing area on the west side of Cleveland (Gordon Square). I bought the place almost 5 years ago.
This year I decided to update both uni...