Networking with local investors can provide insights into the Pittsburgh market, recommended contractors, property managers, and other professionals.

I have family with a portfolio in North Texas and over the past four years their taxes have increased 100% or more per property for no increase in the services provided to them.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

We provide a simple Weber charcoal grill at our duplex unit for tenants to share, and leave it to the tenants in our single-family properties.

Specifically, the law requires the seller to provide information regarding all room additions, structural modifications, alterations, or repairs made to the property since obtaining title if they were performed by a contractor.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Smaller local banks will be better for relationships to secure business lines of credit but chase is a good start to build the financial resume of your business. 

My understanding is that unless the borrower is pledging/securing your loan with particular and specified assets in a security agreement, you would be a unsecured creditor as far as the personal assets go, not much different than credit card debt.

It is now 6/21/24 and I am still going back and forth with my property management about the security deposit and repairs.

Understanding How Real Property Works I am not making the argument to do anything unsafe or that you need to do all of the work on your properties yourself but I believe that understanding how real property works will save you from being ripped off, allow you to prioritize repairs more effectively, and get you out of tough situations by providing you with solutions to problems.Why Basic Home Maintenance Skills MatterCost Savings: Knowing how to do some basic things yourself can save thousands of dollars.