Mike Campbell
Professional renter Please HELP!
I got played like a guitar at a TED Nugent concert.He got behind in rent, gave an excuse said would make it, caught him lying, didn’t make rent up, I gave him 7 day notice pay remainder plus late fee or I’ll have the ...
Brendan M.
Chicago Househacking - Impatient or concerning trends?
Hey all,I own two four flats (Albany and Kilbourn Park) that I've househacked and looking for a third. I was fortunate to do Homepossible (5% down) on those two but now I'm relegated to FHA and 3.5% down. I've been lo...
Roderick McCleary
My tenant won't let me show the rental unit - what can I do?
Hi All - The Scenario: I live in IL and am landlord to a 2 unit property. Unit 1's lease expired April 30th, 2021 and she has been a nightmare tenant. She claims she is looking to move out but keeps coming up with new...
Alik Levin
Personally owned/pruchased, transfer to LLC
Dear all, hi!Newbie here, just starting out.I am purchasing townhouse for rental purposed, title owned in my name and obtaining mortgage in my name. Planning to transfer the title after closing to LLC owned by me for ...
Bryan Faust
FHA Multi-Family without living in it - Partner
Forgive me if this has been discussed, I couldn't find anything on it. I have a great tenant who wants to buy a house next year. He's never done any rental work or investing, but he's very interested. I'm wondering...
Karla Kahmeyer
how often do you see land value greater than improvement value?
Hello BP community!I was visiting the county assessor site for my first property because I was trying to learn how to determine depreciation. I saw something I need help with. In case this is germane to the explanatio...
Greg Mayer
Unpaid rent from vacating tenants
Hello BP community,
My wife and I purchased a duplex in a B class area about 1.5 yrs ago and inherited 3 adult tenants in one of the two units. This was my 1st property.
I live in one of the duplex units (my wife li...
Dalton Ward
Should I Create an LLC?
I currently only have 1 property so it may be too soon to ask this but I was wondering if it would be beneficial to create an LLC. I plan on acquiring more properties and didn't know if an LLC would make a difference ...
Ram Peruml
Asset Protection, Financial and Tax Guidance
Hello,I own 2 rental properties in Northern Virginia. Our house hold income is above 295K. I would like to get guidance to protect these assets and future rental properties (buy and hold) as well as get a break from t...
Kiran K.
New tenant late rents, no response to calls
New tenant moved, 600+ score, she was living with her old age mom, so no previous landlord. Works as nurse, income is 3 times tent. For first 2 months she paid 10+ days into month attributing to difficulty in setting ...