Levi Koskan
STR - Transferring the business to new owner
Hi BP community,
My wife and I are excited to be in talks with a seller that has a duplex with which he has been successfully AirBnBing. Our plan is to live in unit B and continue the STR strategy for unit A. The uni...
Henry Lazerow
Beware with legal non conforming units - NEW CHICAGO "POLICY"
I have noticed the City of Chicago has changed their policy on legal non-conforming. Previously you could easily get these units legalized and keep them legalized. I have now noticed several cases where we have X numb...
Stephen Lee
Foreign LLC in Ohio???
HI BP Forum,I will be looking to buy rentals in the state of Ohio soon. My home state is in New York and I have a LLC set up here in New York. If I will be using a PM company to manage my rentals, must I file my LLC ...
Nina Sylvains
Company paying for Tenant's rent
Hello BP! I have a house for rent, and I've been contacted by a company who wants to rent it for a an employee. The tenant would be moving to area permanently (or for the rest of their employment with the company). Th...
Carlos Lugo
Manufactured home refi
I'm trying to do a cash out refi on a manufactured home that I own free and clear. The appraisal clearly states that the home is on a permanent foundation but the lender says they won't do the loan because it is not o...
Travis Martin
Property Management software
Does anyone have any recommendations for easy to use property management software for a small owner managed portfolio?
Michael Newman
Chicago's South Side--good market or bad?
Trying to wrap my head around the Chicago Southside sub market. Hoping to hear from folks who have invested there or professionals in that market for multi families. Been doing some research and learned from some ar...
Kyle Mitchell
Questions to ask Property Management Companies
Hi everyone,I am interviewing several property management companies and wanted to make sure I am covering everything. Any suggestions on the specific questions I should be asking when interviewing them?Thanks,Kyle
Edwin Watson
Latest Property Management Software?
Hello everyone!As you all know, the landscape within software used for property management is robust. What software have you found to be most useful, and what tools do you recommend for managing multiple residential p...
Darren Mesibov
Fannie May delayed financing
Does anyone here have experience with the Fannie May delayed financing exception? I'm currently under contract for a cash purchase on a SFH in Huntsville, AL and considering a cash out refinance under this program as ...