BP Landlord Forms - specifically Wisconsin lease template ?

Question

Has anyone used the Bigger Pockets landlord forms and would you recommend them? I currently just have the basic membership, but am looking to upgrade solely for the Wisconsin landlord forms.

Our portfolio was entirely in Minnesota until we purchased 20 units recently in Wisconsin and I was wondering if anyone has used the WI forms. Or should I just work with an attorney in WI to determine what, if any, changes need to be modified from our current Minnesota lease.

Any input would be helpful. Thanks!!

Rebecca Knox · Answer

If the rental is in Wisconsin, I suggest using the state forms from Wisconsin Legal Blank. (Residential Lease Agreement, Non-standard rules & regs, lead based paint disclosure, lead booklet, smoke detectors addendum, carbon monoxide detector addendum, bedbug addendum, mold addendum, check-in check-out form)

What are you looking for a real estate attorney to do? There are different ones I use for different things as some are more cost effective than others for simpler things.

Marcus Auerbach · Answer

Hi Karen, I can only underline what Rebecca said. These forms are probably the most well known here and also the most evolved lease documents I have seen. You can order them online. They come in letter and legal size (took me like 5 years to figure out that I can use letter size duh!) and are carbon copy. They actually have a kit as well, you want the small one. It also includes a pet addendum.

I have not needed an attorney in over ten years managing my rental portfolio, except to set up an LLC. As an agent I have a working relationship with DJ Grahl - he is corporate level real estate attorney and a little $$$, but then you get what you pay and well worth it if you are dealing with a full blown litigation. Rebecca might have some better names for you for small stuff.

Scot Sorenson · Answer

@Karen Higgins What do you use for an MN lease? I bought the BP lease but am very confused by some of the fields I have to fill out. The BP one is definitely written by a lawyer so the wording really throws me off. This is my first lease without a PM. Thanks for any help.

Kurt Pauley · Answer

@Karen Higgins

I have used the BP forms in the past but ended up adding some things to the lease so they fit my business a little better. I would suggest using a lawyer if you need to add anything to it to fit your business. Sorry, no Wisconsin referral.

BP Landlord Forms - specifically Wisconsin lease template ?

BP Landlord Forms - specifically Wisconsin lease template ?

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