Sonu Sharma
Lease extension with a rent increase
I need to extend a lease with my tenants who want to continue for one year. This property was managed by a Property Mgmt company until recently (they wrote the original lease) but I had to get rid of them due to their...
Bob Costello
Option to renew lease
First time landlord. I used real estate company to find first tenant. The lease started in May 2016 and ends April 30,2017.
When do you give the tenants an option to renew the lease for another year? And when do you ...
Sheri L.
Funding to Cover Rehab Costs for BRRRR Strategy
Hi fellow BPers,We're in escrow on a townhouse in Washington, DC, and we're using the BRRRR strategy. We're planning to create a separate basement unit apartment and do some other updates. We're using conventional fi...
Camille T.
Land Trust to LLC- Asset Protection
I found this article to be very thorough and helpful in understanding Land Trusts. https://andersonadvisors.com/wp-content/uploads/2014/03/Pros-and-Cons-of-Land-Trust.pdf
Vann Calhoune
Drawing up contracts
Hey everyone,I’m from the kcmo area, looking to get info on getting contracts. Do you draw up contracts yourself and have a lawyer look at them? Do you just go straight to the lawyer and have them draw it up? Do you p...
Laura Kimmel
Tenant has defaulted on lease, question regarding notice to quit
First time landlord and I am definitely learning some tough lessons here. Hoping someone can give me some advice. I have just been notified that there is extensive damage (an unteported leak caused by one of the tenan...
Jamie Montpellier
THE HOUSE HACK : Day 1
Hello everyone,I thought I would chronicle my experiences with my first house hacking experiment with all of you. My wife and I finally became homeowners in January after renting for 3.5 years and saving up enough mu...
Nick Coons
Slightly Lowering Interest Rates on BRRRR
TL;DR - Get your investment back without doing a cash-out refinance.Something occurred to me the other day when talking with my lender. This may be something that everyone knows and I'm just late to the game, but I th...
Curtis Daniels
Reducing the selling price of the buyer
I found a seller and a buyer. I've had a binding contract with the seller for about a month now, but the seller and I both came to an agreement to go down a few thousand on the house in order for us to sell it to m...
Juanita Zavala
Renewing Tenant Lease
Out-of-state investor looking to raise rent on my properties in Melbourne and Cocoa. I am interested in referrals for forms to use as I am managing these properties myself.Thanks!