Matthew T.
Using existing LLC to increase accepted income
HI all, I am buying a duplex (my first investment property). I have a LLC for my restaurant which has been in business for about 4-5 years. I'm considering putting the property under this business name. First, I would...
Dana R.
Accept increased rent with tenant's security deposit?
When my tenant's 1 year lease expires, I gave that tenant the option to re-new it with another 1 year lease at a higher rent.But, the tenant wants to use part of their security deposit to pay for that rent increase. W...
Will Barnard
Health Savings Accounts
Has anyone used HSA's and if so, have you self-directed it and invested in RE? I have just recently come across this type of account and find it to be very beneficial to RE investors. It is similar to an IRA (which ca...
Tracy Uscinski
Paperwork to keep on file when raising rent
We are about to raise the rent on our rental unit. The tenants one-year lease expired in 2021 and they have been on a month-to-month lease ever since. We are sending a letter notifying them of the rent increase. What...
Alexander V.
When to reno and up rent versus keep as-is and accept lower rent
When you've got an occupied apartment in an area where local rents have increased quite a bit over the last few years, what are the deciding factors in whether you take the initiative to renovate it and increase the r...
Latonya Iskan
Out of State Section 8 request
Hello Bigger Pockets!We have finally gotten our first rental in Richmond, VA. However, our property has not rented yet. It's located in an "up and coming" area, where you can see signs of renovations etc. We decided...
Nikolas K.
Options for ending / inducing end of month to month lease
Hi All,We have tenants whose lease has transformed into a month to month lease after initially being a 6-month lease. We have a verbal agreement that they will go month to month while home shopping but convert back in...
George P.
Rent increase - how much do you think is appropriate ?
I am preparing a rent increase letter, and figured that I will increase by 3% (currently $1500/mo).
I know large complexes (especially those run by REITs) usually increase by a round number of $100 on a $1500-1600/mo ...
Esther Thomas
Rent Increase Form
Hi Everyone,
I think it's about time I increase rent on my tenants, haven't done it forever. I'd like to leverage a standard rent increase form, if there is such a standard form out there. Where is the best ...
Shane Moss
Tenant won't sign new lease, but is still sending payment. What to do?
My parents have a tenant that had a lease expire on the last day of the month in August. A few weeks back the tenant expressed interest in a month to month lease, as he was looking to possibly buy a house. During th...