Sakib Khan
Thinking About Buying My First Rental Property – Need Advice for the Near DMV area!
14 January 2025 | 10 replies
I’m open to either a townhouse or a single-family home, but I’m definitely trying to steer clear of any crazy HOAs that eat into cash flow (you know what I’m talking about!).
Sunil Kale
Missed 11 month warranty - no communication from tenant
16 December 2024 | 19 replies
Landlords can enter a tenant's property for a variety of reasons, including: Making repairs or replacements Responding to a tenant's request Removing unauthorized window coverings Preventing waste of utilities Changing filters, testing, or replacing smoke detector batteries Inspections Helping with an emergency inside the unit Posting a notice of eviction"Research your state laws because some of your comments indicate a lack of understanding of the landlord/tenant laws where you are operating (like threatening the tenants to keep the security deposit if they don't respond to you, I doubt that is actually a valid reason to keep their deposit, or evicting for late payments, or charging the tenants for your warranty repairs because you missed your 11 month inspection window which was your responsibility, and it looks like your lease says you can charge up to 18% interest for unpaid fees, is that actually legal?).
Spencer Thomas
[Calc Review] Help me analyze this deal
18 January 2025 | 4 replies
The property is only 9 years old so that's why I put only $10k also, they are opening a new company that will employ thousands of people nearby so that's why I put a 6% income growth and only 3% expense.
Danielle Levy
Filing lawsuit against property management company
11 January 2025 | 17 replies
My estimate is 90% of the time we obtain a tenant in our first open house.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
If you opened the exchange with the intent to hold the property for investment, and then in the future circumstance changed which caused you to reconsider the use of the replacement property and convert it to personal use, then a period of time less than two years might be reasonable.
Kenny Bao
Advice on Off-Market Apartment Strategies
17 January 2025 | 6 replies
When I began direct-to-owner marketing for multifamily (12-40 units), I realized it usually takes many months and touchpoints to build rapport with most sellers where they are willing to really open up about their property and financials.
Pilla John
Curious Question for Fellow Owners!
19 January 2025 | 1 reply
Are you open to working with contractors, or do you stick with established businesses only?
Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
Guest left all windows and door open in our cabin in -15 degree weather when they left causing a frozen pipe.
Tyler Magee
If you had $150k where would you start?
10 January 2025 | 6 replies
Im truly open to any suggestions and any markets (I chose those because of proximity to Florida).