Craig Salzer
expenses on multi-family
6 June 2020 | 3 replies
The 50% rule is valid, and used by experienced investors for deal analysis because it works, and is surprisingly accurate across a wide spectrum of properties: https://www.biggerpockets.com/...It's common for listing agents to paint a rosy picture of a property's performance.
Jessica Flint
sending tenant late rent notice
11 June 2020 | 4 replies
While you can certainly send tenants an account statement, or notice showing what they owe, be very cautious about sending a pay or quit notice (we commonly call it a 3-day notice here in Florida), or any type of notice that mentions or threatens eviction.
Christopher Forero
Pulled trigger - Under Contract on 2 Flat w/ Finished Basement
11 August 2020 | 5 replies
If it says they cannot leave things in the common areas, do it.
Ashley Knodel
What appliances do you use in your rental properties?
7 June 2020 | 7 replies
They will definitely have one for July 4th and they have them very commonly.
Daniel Suarez
Bathtub replacement or improvement
6 January 2021 | 13 replies
We had one in our SFR for 12 years & reglazing was a common reoccurrence.
Pete Panci
House hacking Rookie for Las Vegas, NV.
9 June 2020 | 2 replies
We don't yet have the density issues that other cities like Portland (where ADU's are quite common) have.
Allen Lopez
Renting a house to 3 students.
8 June 2020 | 8 replies
I don't think it's too common to have first and last months rent as security deposit.
Aram Hamidi
House hacking in South Pasadena , CA
17 July 2020 | 9 replies
It all depends on what you consider "a good deal" multifamily is fairly common in the San Gabriel Valley, and while the properties tend to be old, many are fairly well maintained.
Felix Stone
Appraisal low w/ mortgage contingency & no appraisal contingency
14 June 2020 | 8 replies
An appraisal contingency is common; no one will balk at it but in a seller's market, the seller can just wait for the next buyer, a different appraisal, possibly a different outcome - rather than negotiate with you.
Mark Wes
surveillance cameras in my investment property
7 June 2020 | 2 replies
I'm a landlord in Ma and I want to put in surveillance cameras with voice recording in common areas/hallways.