Brian Feenstra
New investor question about FIRPTA
I've bought my first property (duplex located near a college campus) but come to find out the seller was recently deported. The sale is now subject to FIRPTA withholding, meaning I have to fill out IRS form 8288. I ha...
Scot Sorenson
Should PM be showing me Background checks?
Hello BP,Should my PM be showing me background checks on perspective tenants? I have 1 SF home that I rent out. My PM told me with the first tenant that moved in he would be doing backgrounds but would NOT be sendin...
Chan K.
Buying - Multifamily - Rental Transfer
Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
Jordan Sand
Reporting late rent to Credit Bureaus
I have a couple of past due tenants (include 2 who have moved out). I want to report to the Credit Bureaus -- has anyone used Rent Recovery Service or any of the other services?
Jasmine H.
Applicant doesn't want to provide social security number
I have two applicants (they are friends) who want to move in with a nanny for one of the applicant's child. They love the place and we like them and think it will be a good fit. The issue is they don't feel comfort...
Wilson Lee
New Loan Application, Something is off?
I am in the process of refinancing a rental on to a 30 year fixed loan. The lender advertised this loan to me as a loan to the LLC with my self as a contingent grantor.I got the formal application documents today, ...
Michael King
Rentprep, Cozy, or....?
Hello fellow landlords, I'm looking for comparisons on the multitude of online services that offer background and credit checks. What do you use and why? Thanks guys!Mike
William George spear
Renting to non citizens
We are 2 years into rentals and are considering renting to a spanish couple that have been here over 20 years, have fin numbers and are gainfully employed. The husband has applied for a green card. the wife has not. W...
Najia Safi
I need help in finding a deadbeat tenant
Hello, I need some help in finding a deadbeat tenant that didn't pay past rent, broke the lease and left the propery in a total mess. This whole process has been a nightmare. Walls, carpets, two appliances, custom cab...
Ruby Trinh
Tenant not paying and collection
Hi everybody,I have a tenant who already moved out in peace but she owes me almost one month rent (even after security deposit). The property manager sent the tenant her final bill about 3 weeks ago and of course she ...