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Results (10,000+)
Luther A. Would you buy a property that already has tenants
29 May 2019 | 6 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/estoppel-certificate/Some have a lot of legal jargon but this document does not need to be so detailed.
Howard Hendler Owner Responsibilities Over and Above Property Manager
28 May 2019 | 3 replies
Sourcing insurance and handling claims Legal suits such as ADA, slip and fall, environmental, etc. 
Bakary Bojang Commercial be residential real estate
29 May 2019 | 4 replies
If you a legal professional, commercial may be right up your alley, but I don't find that you can force appreciation nearly as much as in residential RE.
Braden Anderson What do you name each of your rental properties?
6 June 2019 | 57 replies
This isn't legal advice, just my opinion as a real estate investor.
Daniel Oluwaniyi New Member from Dallas, TX
3 June 2019 | 8 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
Robert Ortega Need RE Lawyer (OH) Columbus/Marysville
28 May 2019 | 0 replies
I need legal help understanding my options.  
Mariah Michelle Wholesale real estate NJ
28 May 2019 | 0 replies
Knowing that it is completely legal (to sell a contract to an investor for a greater price point) in almost every state, is it possible to do deals multiple states?
Elizabeth Kness Lender is adding “Rent” to my debt even though I don’t have any
31 May 2019 | 11 replies
My real estate agent has not heard of this and I’m baffled as to how they can legally add an expense that I do not have.Is this standard practice?
Kassi Chappell Tax implication of refinancing main home for granny flat rental
31 May 2019 | 1 reply

Hi BP,We are looking to do a cash out refinance of our primary residence (no outstanding mortgage). Half of it will be to convert our garage to a granny flat for STR. My understanding is that the tax treatment is the ...

Ki Lee Property Management is ripping me off??
30 May 2019 | 61 replies
We are often able to keep turn over costs in the $500 -$1000 range and that is for larger 2500 sf + single family homes, some of which have two story great rooms.My PM fees vary based on how many units an owner is giving me, and where the property is located etc, but are more than what you're paying but I probably include a lot more services.I offer performance guarantees, but there is no way I would have a Management Agreement that just allowed an owner to walk - they would owe me the remainder term fees if that happened.There is no way I would as an investor, pay tenant utilities at all - if the utilities were not separately metered, I would first determine if I could legally charge the tenants for the utilities in your area or I would not buy the property.There are many things you can do in a lease to protect yourself and reduce your costs (and that may be an issue with your PM's lack of experience - or it could be that your state is very landlord unfriendly) but here are a few items I would have in the lease if allowed in your area:The tenant must thoroughly clean the unit including any carpeting at move-out - we have a detailed example list of tenant cleaning responsibilities in our tenant handbook.We only accept the most financially highly qualified tenants, and often have tenants renew leases, but if a tenant wants or needs to break their lease early, there is a multi month Early Termination fee to help us defray off market time and turnkey make-ready costs due to early termination.Our tenants are responsible for both Pest/insect control and exterior landscape upkeep - though in an inner city townhouse/triplex set up tenant responsible landscape may not be feasible.