Nate B.
Contract Void? Undermarket buddy hook-up prior to closing on storage
Must annual contracts be upheld after transfer of ownership?Scenario: Closing on a storage facility. A few annual leases in there at under market rents. I was going to leave them in place; however, this weekend the...
Andy Mallos
Becoming FT Agent - pros/cons
I've been researching a career change to FT RE agent. I'm great at sales (I've started a company - was profitable, in big box retailers and sold it off), I'm now self-employed (yuck - but I do have some control), and ...
Philip Smith
FOI (Fear Of Investment): How to Convince Wife Investing is Safe
Short IntroductionI currently work full-time in a stable, but dead-end job. I am a IT Technician for an automotive company. Being a non-IT business, the pay is low, but I make due by fixing computers on the side and...
Colby Mulry
Tenant always pays late, but not late enough....
I have a tenant in my first floor unit who has been late every single payment for 11 months in a row with every excuse in the book. However, they always end up paying right before the legal timeline for eviction. Does...
Mike D.
Mortgage Assignment Contract Overview?
I have been inquiring about this new method of real estate investing. Is there anyone here on BP who's familiar with doing Mortgage Assignment Contracts? If so what are the pros and cons? I want to start doing this be...
Steven Anderson
Pets - rents, deposits and fees
I'm considering allowing pets in my rentals but I'm curious what everyone else is charging for monthly pet rent, deposits and/or nonrefundable fees to compensate for the inevitable damage related to the pets.
A few ...
Kim Hopkins
Requiring Seller to Cease Marketing After Signed LOI?
Hello!I was considering adding to our LOI template a requirement that the seller cease marketing the property, including on any real estate websites (broker website, CREXI, Loopnet, etc) once the LOI is signed. I've n...
Eric Littlepage
Can pets work in a duplex?
After years of having bad luck with property managers and tenants, I took over as landlord of my 2-unit duplex (one on each floor). I fixed up the vacant second-floor unit and rented it out last year to a young, coup...
Mahesh P.
Change Pet Policy or Wait Longer for Tenants
Hello BP Community,I've a situation that I'd like to get your thoughts and wisdom on.We have a rental townhouse that has a no pet policy. House has been on market for ~7 weeks with only 5 showings. We understood from ...
Anthony Wick
Going Rates for Pet fees
We have not allowed pets in the past, mostly because we have not had any problems finding tenants without pets (but a lot of pet owners asked anyway). We are about to have 3 units in duplexes available for December 1,...