Michal Kolenda
Setting Up Landlord Bank Account
Hi all,I made this post originally in the wrong section and had no replies, but this seems more suitable. So, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wonder...
Carson Plant
Buying 4 duplex should I move rent higher as soon as I close
Buying 4 duplexes and everyone paying $600 a month and wanting to raise the rent to $650 month. It only $50 more a month but Is it better to do this as soon as they are signing new lease with my company or wait for a ...
Juan Ayala
Landlord Headaches w/ Los Angeles Tenants
BP Fam,So recently i had some tenants who moved out a month before there lease ended and came give me no notice. I found out because the downstairs tenants of mine complained that they heard running water all througho...
Doug Bloes
Cap rate for small town? Less then 5,000 population.
I just tied up my first apartment building in a nice small town. It has 8 units and the inspection came back in great shape. Its the best in town! Owner is retiring. Rents are $100/unit less then the market rate. Expe...
Michael G.
Can an Old 3-family be Subject to New Zoning Laws?
Hello all,I'm currently in the process of purchasing a home through a foreclosure sale. The property appears to be a 3-family and is an all brick, late 1800's construction.I was wondering - upon completing this transa...
Rob Gleason
HELP ! My inherited tenant is an DEADBEAT!
We just finished renovating 1/2 of our latest duplex - see newbie rental diary#3. Problem is that the other tenant wants his place fixed up too and is complaining about EVERYTHING he can find. He says there are bugs ...
Kiara Walters
Taking Legal Action on a Contractor
I recently purchased a duplex in Washington, DC with a FHA 203K loan. I started out with a contractor who was licensed in MD but his partner was licensed DC so his partner was the lead on paper. He was a recommendatio...
Eric Nguyen
How do I have an idea of my money is not being "wasted" by HOA
Hello everyone,
Recently, my HOA just sent out letters to all owners in the building and said the the HOA fees will go up by 10% starting next month. I saw that they justified the increase by xwz reasons (I'm sure th...
Chantél Fielder
Options for private lenders...
Hi there!I recently watched a tutorial on Youtube giving advice for structuring deals to private lenders. I am in the process of creating a deal offer to pose to private lenders (family and friends) and have a few que...
Gregory Jimison
Help! Nightmare Experience.
Hired a contractor to complete hvac work. He said the work would be completed within 2/3 days and he is still not finished, it's been 19. Paid him for the materials of one unit (apartment building) and he did not even...