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23 October 2024 | 28 replies
Protecting Against Bedbugs: Bedbugs can be a nightmare for STR hosts, but here are some proactive steps:Mattress and Box Spring Encasements: Use bedbug-proof covers on all mattresses and box springs.
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17 October 2024 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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17 October 2024 | 0 replies
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).
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18 October 2024 | 6 replies
Register for courses covering the BRRRR method and Subject To financing2.
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17 October 2024 | 4 replies
Is there any type of document I can make the buyer sign for these 2 weeks he will be occupying the property in order to cover myself?
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15 October 2024 | 10 replies
So I’m in a bit of a bind, I have a duplex I’m house hacking we remodeled entire thing, new hvac, electric panels, electric main, updated plumbing, water heaters, furnace, install central air, roof.
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17 October 2024 | 4 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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15 October 2024 | 6 replies
Insurance is getting more and more expensive with renewals doubling or even tripling in some cases.Insurance companies will issue notices to quit if they see stains on your roof from google earth.
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17 October 2024 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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15 October 2024 | 2 replies
Asking price: $399kRehab: $65kARV: 570k The roof was replaced in 2024, the water heater in 2019, HVAC in 2019.The house looks to be in good condition..., but will need some cosmetic repairs.