Screening is not always a guarantee that tenants will pay unfortunately, but your PM should be sending out notice as soon as the tenants are outside of their late grace period (if you have one) and haven't paid.

We have a single door rental worth about $320,00 that will be paid off on June 1, a half duplex that is worth 260,00 with a $120,000 mortgage and our primary residence is worth $650,00 and has no mortgage.

The HELOC for the eventuality that you find problems that are more expensive than you predicted, and use as an emergency fund.

But REIReply is less expensive per month and they include the marketing templates (still, I don't know if they're any good).

Landscaper 1800/yrAll utilities are paid by tenantsUnknown roof age.He wants 720000 but I think I should allot at least 10%-15% repairs on this older funky building that he's managed and maintained himself.

Goodmorning BP community my husband and I currently own one rental property that is fully paid for and we would like to start thinking about getting the second one, the problem we have is my husband doesn’t have a job so he wouldn’t qualify for a regular refinance.

I understand for tax purposes that I can only take two-thirds of the expenses related to the house to offset the rental income.

As far as expenses for things such as electricity and RE taxes (paid in 2023), those will generally be deductible on Sch E.

Im in a rather expensive city but future appreciation looks great still.

The refinance will get our down payment back, along with the current mortgage and renovation loan paid off.