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Hey BP! I’m getting ready to close on my first duplex within the next two weeks and very excited!I’m inheriting a tenant who has lived at the property for 24 years and never missed a payment. Issue is he is paying 7...
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I am under contract on a townhouse that should rent for $1200 - $1300 a month. The kitchen is in fair condition (50 yr old, lower end cabinets, laminate counter tops and low end older appliances). I got a detailed est...
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I'm closing on my first duplex in less than a week. There have been long-time tenants in place and I would like to keep them as they take good care of the property (mowing and snow removal) but they will need to sign...
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Hi all, I'm in a conundrum and need smart suggestions.I currently rent out a 1 family house that is way below market value. The current rent barely pays for the monthly mortgage and I am scraping through to pay for pr...
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That you are increasing rent!The tenant takes great care of the property, has been there 2 years and I haven’t raised rents but definitely need to. She only contacts me when it’s a big thing happening and she usually ...
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Hi,I currently have an FHA on a 4/4 duplex (South Florida) and I also recently got married. I have read that having two FHA loans at the same time is prohibited except for the following reasons:Multiple FHA loansIf y...
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When you are raising your rental apartment rent are you raising it up by the percentage of the current rent or can you come up with your own price based upon what you feel you should receive?
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As a property owner, it's important to prioritize regular property maintenance to keep your rental properties in top shape. Here are 5 reasons why regular property maintenance is essential:
🏠 Regular maintenance help...
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Hi BP community,My team and I have found a fantastic MFU property in a major Florida metro area, but we're unsure as to the best way to structure our acquisition.The asking price is around $2.5 million, but the proper...