We're about to close on our first rental property (woo hoo!). Does anyone have a go-to list of what needs to be done next? This can include how to get tenants, is it imperative to set up an LLC, and anything else you ...
I'm writing you to save you and yours from dealing with a thief, a liar and a fraud. Read the entire message and inform everyone you know to prevent others from experiencing such financial loss.
On 3/26/19 Sean Richw...
Hello fellow BP members, my wife and I just acquired our first multi-family home in the beautiful city of Greenville, SC. It's a single family home that has been converted to a duplex. However, the previous owners did...
Anyone have any experience with renting out a top/bottom duplex to 2 different tenants?I'm looking for some help with the following questions to put into an agreement:How to deal with excess noise from either tenant w...
Anyone ever consider advertising rental discounts to First Responders, health care workers and/teachers?Like a $50 discount on monthly rent.
Over the past 4 years, banks were lending non-stop to anyone breathing using no doc loans at high ltvs. Now market prices have fallen, ltvs are more stringent, and now banks are hesitant to lend. Go figure a bank's me...
Hey BP family!
I had a lot of interest in hearing my story over on the Real Estate Rookie Facebook page regarding my first eviction experience. I know there's a lot of buy-and-hold investors and property managers on...
Today was my worst day ever landlording. I evicted a 86 year-old lady and her 50-something unemployed daughter. I purchased the property back at the end of May. Right after closing I gave the lady the option of paying...
Can you put a mortgaged property in an LLC? A single family or 1-4 unit. I was told that you cannot do so unless the property is paid off. True or not true?
I have a tenant applicant for my duplex unit that informed me that he is a registered sex offender. He says it is of the lesser variety 7 yrs. ago and it will be off his record after 10 yrs. I am not very up to date o...