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Results (10,000+)
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.
Robert Spiegel Security Deposit Deduction: What is reasonable for cleaning
11 January 2025 | 9 replies
However, hauling away a truckload of items and cleaning beyond standard expectations could reasonably be charged to the tenant, as it goes beyond normal use.Goodwill Gesture: Since this tenant was great for 5.5 years—paying on time and caring for the property—you might consider waiving part of the cleaning cost as a goodwill gesture.
Bart Tilly Experience With Construction Agreements?
7 January 2025 | 3 replies
@Bart TillyThere are various "standard" agreements available in the marketplace (e.g.
Joanne Quezada Room Rental - 4/2.5
9 January 2025 | 1 reply
One key he found was mixing a welcoming atmosphere with firm guidelines.. it typically falls under standard tenant landlord laws for eviction.. so you’ll want to double-check local regulations.You mentioned Furnished Finders and Padslipt.com.. from what I’ve heard, those can be great if you’re targeting traveling professionals or short term visitors.
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!
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. 
Evan Ross Managing rent increases
30 December 2024 | 11 replies
Rents increases are not standardized and should be kept within the realm of market rents.
Leah Miller Bank Won't Close Due to FEMA Disaster Designation
14 January 2025 | 14 replies
That is very standard.
Leon George New to BP Community
12 January 2025 | 11 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend 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?
Ashley Wilson New Leases versus Renewals: What matters more?
10 January 2025 | 2 replies
Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.