Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
Steve Watson
San Antonio TX 6-8plex Old Brick
I am an CAli investor considering a out of state 2-8 apartment building in San Antonio TX. I will hire property mgt. I noticed a lot of brick and old places. Should I be cautious about repair cost in that seasonal cli...
Lee S.
eviction
I'm not a landlord currently but i'm in negotiations to buy a house that was rented out with no lease or contract and they haven't paid rent in 4 months. I'm potentially getting this house at a huge discount but I ne...
Vannak Kann
Early lease termination of 1 year lease
Hi All,Currently renting property in Fresno, CA. Tenant moved in in 02/01/2015 and lease won't end until 02/01/2016. However, on 04/01/2015 tenant told me that she probably want to move out because of the work issue a...
Burt L.
How To Get Rid of Tenant After The House Tested Positive for Meth
I am working with the owner of a property that has two houses on it. The tenants in the first house had to be evicted due to non-payment and it was a long, ugly process. There were arrests for meth possession at that ...
Jonathan Ko
California - Close to Evicting a Tenant. Steps?
BP,
Asking for another individual.
A tenant has leased the unit for the last two years. Their contract is about to expire at the end of the month (March), and the landlord does not want to renew the lease contract. ...
Blake Albertson
Tenant Refuses to Leave after 30 day notice to vacate.
Hey BP, my lady friend has a tenant that has rented for 4 years. He is now 4 months behind in rent and has been given a 30 day notice to leave. The 30 days has expired, and he is now claiming the house has mold and o...
Kosh Vokter
Scheduling conflicts and strategies for showing to prospective tenants
I have a remote rental in B- neighborhood that's currently vacant. It takes 2 hours to get to the property, and so have a friend who lives like 30 minutes away from the rental assisting me with the showings for prospe...
Jaren Barnes
Best Place to be a landlord in Colorado?
So hypothetically if someone wanted to invest in the surrounding Denver CO area, what are the better places to purchase residential multifamily (2-4 units) and why do you think they are the better markets for landl...
Hares Najand
Concerns with Property Management in Chicago Area
Hi BP community,
We currently own several Section 8 rental homes in Chicago, Markham, and Country Club Hills, IL, all managed by the same property management company. While they are good communicators, experienced wi...