Mark Malevskis
What to do when rent is late and when is it late?
Hello, I have just purchased a six unit last month. Rents were due on the 1st. I have installed a rent drop box on the first floor and passed out a letter to all of the tenants to deposit checks in their. I check the ...
Shawn Ackerman
Accept partial rent or give a 5 day pay or quit notice.
Just wanted to throw this out there to see what you guys think. Here's the deal. Today my property manager went to one of my newly acquired rentals and the tenant states "Can I pay $400 today and $500 on Friday?". ...
Van Tran
Closing on 1st property with lease expiring in two weeks
Hi everyone, we're finally closing on our first property in a couple of days. And the fixed term lease for one unit is expiring in two weeks. There are two individuals living in the unit and one is the seller's son. O...
Stone Teran
I beat my no show record
This isn't a question. This is just a rant.I own apt buildings in bad neighborhoods. I am often victim to prospective tenants who no call no show. I managed to schedule 6 back to back showings yesterday afternoon. ...
J. Martin
Go Refinance Again!!! 10yr Treasury meteoric drop the last week!
Call up your mortgage broker! Get your documents together!Average 30yr mortgage rates have dropped from around 4.0% at the end of 2015 to below 3.6% being quoted today. That's 40bp in a little over a month! We are now...
Andrew Cross
Late Payments
We just bought our first rental earlier this year and I'm have some issues with the tenant. Not too serious, she and her kids keep the house clean and haven't caused any damage, but her payments are almost always lat...
Chad D.
Whats the best way to find a good contractors for a rehab?
Im in the early stages of closing on my first fixer-upper. Whats the best way to find good contractors? Would I need to find someone who can do most of the work or would it be best to hedge my bets by splitting the ...
Julie Washburn
Arbitrage tenant wanting reimbursement for lost rent
Hi! We have a tenant who is doing a 1 year lease to arbitrage our property (single family home) out as a short term rental. The temperatures have been unusually low and pipes in the home froze for 5 days so far, makin...
Ethan Cooke
What Would You Do? San Francisco Medium-Term AirBnB Rental
Hello BP Community - I would love to get your insight: I rented a 3BR/2BA home 5 blocks from my house with permission from the landlord to sub-lease to business travelers--very excited to start a rental business! I ha...
Gorden Lopes
My fourth huntsville long distance BRRRR and one of my easiest.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $200,000
Cash invested: $3,000
A straight forward easy long distance BRRRR in a great area of Huntsville. Bought th...