After flooding rains in GA, an unfinished basement flooded. The tenant wants me to pay for her damages after basement flooding.

Insurance doesn't cover it. My lease states I'm not liable. Her claimed damages inc...

I purchased a property this week and immediately advertised it for rent.

I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...

"The Adventures of Calculating Actual Cash Flow on a Rental Property"
Are you ready to become a landlord, but have no idea how to calculate your actual cash flow? Fear not, dear reader, for I am here to guide you on ...

Hi BP community!
I'm scheduled to close on my second 2-unit property but I know that some time in the future there are repairs/updates that I will have to make.
For example:
-The parking lot/driveway needs to be resu...

Hey all my St. Louis house flippers and contractors.I just moved a bunch of random material I had collected and I have this philosophy in life where I say "owning and storing stuff cost money" even if you aren't liter...

If I am buying a 4 unit property and each unit is currently rented out what do I need to ask for to prove the income is what is being advertised? What else should I be asking for? Also, do the current tenants contract...

SO I have a rather interest question I think... Cash Flow = income - expenses, and we know you must break down the expenses further, ie. mortgage, insurance, taxes etc. I'm curious however about the budgeted expenses ...

Hi all,I am looking to partner with a friend of mine to purchase some rental properties. I will be funding the deals and he will be finding the  properties, diligencing, and then managing the properties. What does the...

I am set to close on a 4 unit building on 9/22. As part of the contract the current owner had a list of items that needed to be done prior to closing (i.e. updating breakers, cleaning out basement, removing car w/ fla...

Hello, Our CPA told us today that:
- Based on a selling price of $215,000, I am calculating a gain on the sale of the property of about $127,500. This amount of gain creates approximately $24,500 of additional feder...