Amina Sanders
Property Management ATL
Hi BP!My husband and his siblings inherited an SFH from their mother upon her passing in 2015. They've been using a local PM ( mom & pop type) for almost two years. The PM places tenants that are consistently late...
Edward Briley
Credit Reporting Agencies no longer reporting judgement on renter
I have a rental property in which my tenant stiffed me for more than $8,000 for stealing, damaging property and late rental payments. My rental agent filed against the tenant and I received little more than a $4,000 ...
Thomas Kayes
Investing in Chicago Condos
I have been given conflicting advice:Buy condos! When I told him that my fiance and I wanted to put some money in real estate for the first time, a family friend -- who is a long-time Chicago banker specializing in re...
Shawn Mcenteer
Tenants with out a lease
My friend just purchased a quad and has tenants from previous owner that do not have a lease. What options does he have for evicting? He wants them out. He started eviction process. I am wondering if he can get them o...
Mark Costa
6-unit apartment building with RUBS implementation
Hello,I wanted feedback on a deal I am working on in the Syracuse, NY area. It's a nice neighborhood and close to amenities.I have an offer accepted on a 6-unit apartment building, which includes 5 1-bedroom apartment...
Selma Daut
Suing for specific performance
Hello! I am under contract for a multifamily since October 5th last year, a bit over 4 months as of writing this post. Before getting under contract and offering the asking price, the seller and her agent were telling...
Esther Concepcion
Getting a DSCR loan while married
Hello,
I am an entrepreneur having issues qualifying for a conventional loan. After doing research I learned of the DSCR loan. My question is, if I acquire a property via a DSCR loan on my own, does my spouse have an...
Brie Schmidt
Fair Housing Violation?
Friends of mine need to get out of their lease in Chicago. This is a 1900 sq foot duplex down. It has 2 bedrooms on the main floor with closets and 2 bedrooms in the basement with no closets.The lease states this ab...
Anthony Hornbeck
Illinois Homestead Act - Property Tax Section in Lease - Champaign
Hey BP-ers,I tend to have tenants express concerns over the property Tax portion of my lease. Does anyone in Illinois want to take a stab at explaining this section in clear language? Is there a better way to word thi...
Ed Zhao
Any other ways besides LLC to hold titles?
Currently I had ten rentals in bay area California, most being duplexes and fourplexes. In the past, I hold these rentals under my name. I had a $5M umbrella policy to protect myself, at least that is what I think....