Mike A.
New York credit and background check actual fees
We use a third party to run the credit and application fees. They charge $29.95 for both. We do not collect the money, the third party does. One potential tenant just callled and said we are not allowed to charge $29....
Carson P.
Inherited Tenants - M2M - Handling the Transition
I've recently got my first investment property under contract. A side by side duplex 2Bed/1bth (C class). I am in the process of becoming a first time landlord and want to make sure I am following the Wisconsin laws c...
Sam Peterson
Real estate friendly 401k
I currently have a 401(k) with my employer. It does not allow me to use the funds for the purpose of investing in real estate property. i’m very close to changing employers, and they have the ability to discontinue t...
Robenson Exume
verifying income
Hello all, I am new to real estate investing. I have done most of my research and I have a contract on a property. Everything looks good. However, I do not know how to actually verify the property's income. The seller...
Ponnusamy Subramani
Theft of personal belongs left in the My Rental Property
Dear BiggerPocket Members,This is my first question in forum and please pardon me if there are any mistakes. Sorry for the long post.I own one residential rental property and it is being managed by Property managemen...
Tj Ruizo
He ran with my MONEY
Hello BP community,So I have my first problem, My General Contractor that ive hired was not doing a very good job. Short-Long story is I terminated the contract we had agreed on and ask him to refund me my money and h...
Sarah Brown
Security deposit for tenants in middle of divorce
I'm renting my home out to a family who are in a middle of a sticky separation. They are unfortunately not being very civil at the moment and as their landlord, I'm somehow caught in the middle of it. The lease ends i...
Ryan Walker
Disqualified Persons in Solo 401k
I am a realtor, My mother has a high value 401k she is looking to roll into a solo 401k in order to purchase rental properties for her portfolio. Am I prohibited from acting as the agent on these transactions?? I und...
Ayanna D.
First property, tenant occupied
I’m purchasing my first investment property. I will be inheriting a tenant. The lease ends July 2023. I know the security deposit should be transferred at closing. Do I introduce myself immediately after closing? What...
Ben Wenger
How should i handle inheriting tenants
I just went under agreement on a duplex, but it comes with tenants in both sides. This is the first time ive inherited tenants and wondered what everyones process is with new tenants. They both have leases that ende...