I am about to buy a duplex and am inheriting renters. One is on a lease until the end of the year and another is month to month. Is it fine to put the MTM tenants on my own lease once the deal goes through? I wanted t...

I was browsing over at the marketplace and I felt like I was in a foreign country walking down a local market with hundreds of people trying to sell me something.  Ad after Ad after AD!  I wanted to say "Back off!  I ...

Well it is a start, and where better to tell the world than right here on BP.  Approximately 5mins ago my realtor called me with the good news, with only 38 mins left on a 36hr acceptance window.  I have bought many p...

Hello BP'ers!

After lurking and analyzing everything to death, I have finally identified a property to take the plunge as my first duplex rental. Property is located in Cleveland, OH area. While I've done lots of res...

I have bought a very old house in Redmond. WA. This house has 70s kitchen and batch finishes. I am looking to get the place renovated - remodel kitchen, 2 bathrooms, recess lighting, open layout, popcorn ceiling remov...

Ok, the company I work for manages some low income houses in a rough area. Every time someone moves we have to go in immediately and take all the appliances out and put in storage, and board up the windows to secu...

Hey all, Wanted to share what I found that has made a difference in my MTR business. 1. Communication: Keeping communication on the same and consistent trackable plain! 2. Welcome baskets: I include a 50 dollar gift c...

Doors. Make sure doors to the outside have properly working locks. At least one exit door must be accessible to the outside without the use of a key.
Ceilings, walls, and floors should have no large cracks, holes, pe...

Hi All,I'm looking for various viewpoints to help me decide which cosmetic improvements give the most bang for the buck when one is trying to make a rental house or small multi-family units look more "upscale" (withou...

I have found two properties that will cash flow and fit the 50% rule.  One I am particularly fond of because of location and price. The issue is it is coded as a light industrial property. Traditional financing does n...