Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Bret Rankin

Bret Rankin has started 5 posts and replied 20 times.

Post: Tenant property due to leak

Bret RankinPosted
  • Posts 20
  • Votes 2

Can I write an addendum and add that to the lease?

Post: Tenant property due to leak

Bret RankinPosted
  • Posts 20
  • Votes 2

One of my tenants alerted me of a water leak last week.  She says the water damaged her bed.  She is not even on the lease.   Am I responsible for her bed?

Post: Where to buy water heaters?

Bret RankinPosted
  • Posts 20
  • Votes 2

Does anyone have a place to buy water heaters at a better price than the box home improvement stores?

Post: Water and Utility bill

Bret RankinPosted
  • Posts 20
  • Votes 2

I have never looked into that.  Maybe that is an option.  I found out that a couple of toliets were running.  So I fixed those issues.  Hopefully bill looks better.  If not, I am going to look into separate meters

Post: Water and Utility bill

Bret RankinPosted
  • Posts 20
  • Votes 2

What is your average water &trash bill?  I have a 3 flat.  All have in unit washers.  I got my 1st bill and it was 298 for one month.  2 units have 2 bathrooms and 1 unit has 3 bathrooms

Yes it is leased.  I could make the bottom in to another unit and make the building a 4 unit.

It is a month to month lease.

Luckily it is a month to month lease, I am going to give the person 60 days

I love that the tenants are long term.  One has been there 12 years, the other 6 years.  I actually have to end the lease of a tenant that has only been there 2 years so that I can move in.  This will be my 1st time doing this, any advice on how to handle it?

So, I will be closing on my 1st property on 5/2. It will be an owner occupied building in East Garfield park.  3 unit building with 2 3bd 2ba, and one 6bd 4ba duplex down. The units are 1500 sqft. The building already has long term tenant and I will be going in making a profit.  The building is located on Warren blvd, just next to the park, from all account it seems to be a pretty quiet street.   As a new landlord, what tips would you provide to me to make sure I continue to be profitable and grow?   Also, can I ask what your average water bill is?  I saw that this building  had a 1000.00 water bill for a quarterly bill, that isn't good.  How do you control your water bills?  I feel that EGP is really going to take off with the growth that is coming in the West Loop.  What is your take?