All Forum Posts by: Bianca Rodrigues

I have an update! Went with TD Bank but they denied me for having a higher DTI than the 47% that they want. I'm asking the underwrite to go back and see if I can get approved for a lower line. I currently have my single family investment property plus a three family that I owner occupy. How do investors like myself getting started and new to real estate pull equity from a former property without DTI being an issue!

Looking for recommendations for a bank that will provide a HELOC on an investment property with two years worth of Airbnb investment income.

Hi All!

Just closed on a three family with existing tenants on a lease. I have a few questions on how to go about communicating expectations we have as the new landlord.

First, how would you communicate expectations and new policies (like where to send monthly rent), should you do it via a letter, in person, etc?

The existing tenants are in place until October 31, 2023. Do we abide by their existing lease or can we give them a new one? Assuming we just follow their existing lease and then provide a new lease if they choose to renew.

The security deposit was given back to the tenants at closing, again, would we communicate via letter that we’d like to obtain a security deposit until the remainder of their lease?

Any other tips, useful software for landlords or helpful reading material would be greatly appreciated!

Thank you.

Hello,

New to MTR and curious to see what someone used for a lease agreement for their MTR. Do you have a website that provides a well rounded lease agreement that you’d recommend?

Thank you!

Hi All,

When purchasing a multi with existing tenants paying below market rents, how do you go about increasing rents? Do you provide some sort of incentive? 

What happens if a tenant doesn’t want to accept your rent increase notice?

Thank you!

Hi All!

How to identify up and coming neighborhoods for real estate investment? 

What websites or databases do you use for this research?

Thank you. 

Hi All!

Looking at a two-family with tenants in place paying below market rents in MA. My plan is to owner occupy one of the units. As the potential new owner, how do you deal with removing the existing tenant? Do you propose the new rent increase and if they don’t agree can you ask them to leave? I know it depends on whether or not they are TAW or lease but just curious to understand how others with more experience go about purchasing a multi with existing tenants. 

What are some strategies to incentivize a tenant to leave peacefully?

Thank you. 

Thank you!