Derrek J Hooyman
Would you recommend adding a Bedroom to BRRR a property?
29 July 2024 | 8 replies
@Derrek J HooymanI'd personally wait til after the tenant moves out again so that you have a clean slate to work from.I feel like value add recommendations have to come from you or your realtor...aka someone who has seen the property and ran the numbers.
Mike Terry
Valdosta, GA Flip
28 July 2024 | 0 replies
Junked it out, cleaned up landscaping, drywall repair, texture, paint, new interior doors and trim, new waterheater, new floors in kitchen. some new floors, countertops, new roof, painting cabinets.
Nathan Sherwood
Options for managing tenants heating oil tank
28 July 2024 | 7 replies
The tank had to be inspected and cleaned as oil dries in an empty tank and clog the pipes and furnace.We had the tank auto refilled, the oil company sends me the bill, and I in turn bill the tenant.
Sina Akhavan
Hello BiggerPockets! New PRO here
29 July 2024 | 8 replies
I purchased rentals that are all clean BRRRRs and meet the 1% rule then grew my portfolio to over seven figures.
Anna Nevarez
Can an LLC report one rental on Schedule C and the other on Schedule E?
29 July 2024 | 9 replies
It sounds like you might already be aware of this, but the only time you can put a rental property on a Schedule C is if you provide those "hotel-like hospitality services" that you mentioned, which means things like not just cleaning between guests, but daily cleanings during guest stays, and/or providing them with things like meals or entertainment during their stay.
Woralak Bryant
Electricity shut off
30 July 2024 | 9 replies
Seem super clean as far as expectations go.Definitely smart of you to not interrupt the other tenants power that would only create more issues.
Mike Haworth
Skip Trace Recommendations...
28 July 2024 | 4 replies
A lot of times there are some title issues with these types of properties that you'll have to clean up, but they are generally fairly easy to resolve.
Becca F.
Long term tenant just renewed lease and asked if she could have a pet
27 July 2024 | 14 replies
If the litter isn't cleaned up it will stink a lot.
Nick L.
My failure at the Milwaukee County Sheriff's Sale
31 July 2024 | 27 replies
On Friday afternoon and over the weekend I did all my due diligence (visible condition, title letter, city violations, outstanding utilities) and everything is pretty clean.
Jonathan Greene
Why Most Wholesalers Fail
31 July 2024 | 18 replies
They’d hire someone to clean and paint, and put the house back on the market at a slightly below retail price.