Elizabeth Rose
Underwriting a PadSplit deal - assumptions and operating expenses
4 December 2024 | 9 replies
.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!
Scott Trench
New Policy Idea: BiggerPockets to Send Wholesalers a $125 Bill For Every Solicitation
8 December 2024 | 14 replies
And if you are going to ultimately just disable the account, then skip the fine altogether as it sends a bad message to the community.
Isadore Nelson
Looking for Advice on Buying an Occupied Foreclosure in Brooklyn, NY
9 December 2024 | 15 replies
@Isadore Nelson Yes, eviction is possible, but there are too many factors that need to be taken into consideration, active military family members, disabled veterans, building violations, maintenance issues and etc...
JD Martin
Do you have inspection & hoarding clauses in your leases?
2 December 2024 | 7 replies
Hoarding is a protected class because it is a disability.
Nadir M.
Maintenance replacements for certain household items
5 December 2024 | 20 replies
In our leases, we specify that any routine maintenance or maintenance costs under $100 are the tenant's responsibility.
Markus Samuel
Seeking advice on my first deal (Single Family Rental)
5 December 2024 | 9 replies
And you are picking a location that totally disables the #1 reason why you should buy real estate.If your first deal goes bad, there will never be a second one.
Nancy Almann
Tenants "out' of the rental, 'but we still need to clean!'
2 December 2024 | 3 replies
If you routinely try to get the next tenant in so quickly after the last tenant, perhaps you can add a penalty to your lease for holdover tenants.
Shawn Callan
How am I supposed to buy a 2nd house!
4 December 2024 | 17 replies
Down side, your 2nd usage of a VA mortgage will run you 3.3% on the VA Funding fee (but it is financed into the loan), unless you get any disability from VA.
Mary Ainsworth
Any out of state flippers?
28 November 2024 | 4 replies
Let them know that there will be routine quality control checks/inspections so that if your third party inspector finds any issues with quality, the GC will be responsible for paying for the correction.These are just some theories that I think will help and plan to implement when I operate out of state flips.
Lolo Druff
Looking to buy my first investment property
15 December 2024 | 30 replies
I have done this routinely with people like Josh in my real estate world.