Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
@ Theresa, The ONLY doubt in my mind NOW is if this -My lease is a standard zillow generated lease.
Andy Sabisch
Question on tenant smoking marijuana
8 January 2025 | 9 replies
Most properties are remotely managed by owners/PMs and what was suggested would be an impossible and unrealistic standard to set - much less enforce.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
We have seen maintenance costs skyrocket over the past 2-3 years and every case is different but here are some general guidelines for reputable (non-crackhead) investor level pricing in our area of operations:Furnace and A/C replacement with lineset for standard 3 bed 1 bath bungalow.
Danielle DeCormis
Standard Lease - Pros and Cons
19 December 2024 | 5 replies
In a tenant friendly state you have to.BTW, when you list, there's a fair housing law. you cannot deny a sec 8 if they qualify. your standards need to be the same for everyone
Carlos Olarte
Is it worth building Adu's in Orange County / Long beach ?
7 February 2025 | 13 replies
Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.
Fulati Paerhati
What is the good location to buy a rental property for 250k cash ?
6 February 2025 | 58 replies
@Fulati PaerhatiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.
Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!