I'm new to this and have 2 units, a 4 plex and a duplex. All my tenants came with the purchases. This one had the father of her 3 month child picked up by INS and he is jail. They are not married, but both on the l...
Hi all. If I had a prospective tenant(s) decide they would like to rent from me August, would I have them sign the lease now as well as collecting the security deposit this far in advance? I know people sign leases ve...
Hi BP, I am preparing to ask a relative to sell me his small multifamily residential property in the city of Houston. He's getting ready to retire and move out of the city. I'm going to ask him to sell his propert...
This going to be a lengthy post, so bear with me and appreciate the time for reading this.Background: My mother-in-law is having a difficult time with her landlord. She lives in a house in a lot of three homes in Los ...
So stil stuck on the LLC thing. Please help me. First, does anyone know if my revocable living trust can own my LLC? Makes no sense to have a trust to protect your assets if all your assets are in an LLC and not in...
Hey Everyone, I hope i put this in the correct category.
I generally do not do yearly rent increases on my properties if the tenant is clean, pays on time, and is overall a good tenant. I might raise 2% every 2-3 ye...
Greetings bigger pockets.I need urgent help. I am living in an owner occupied duplex and renting out the other side. This is my first rental and I closed last December.My tenant just got shot last night. It's not clea...
I am going out on a limb here, and stating emphatically that NO LANDLORD should EVER pay for their Tenants Water Usage. Do you agree?
Here are my reasons:
1.) Personal Accountability: They use it, T...
Was having lunch with one of my business partners and he was telling me that on his rentals he gives his tenants his Bank account number and makes them direct deposit it when due. However ( and that's here in Oregon) ...
My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...