I was in a multi offer situation on my most recent property. My realtor called with a suggestion that may move me ahead of the others — waive the inspection contingency.Spoiler alert: I did and have it under contrac...
Has anyone had experience buying a home warranty to streamline maintenance costs? Seems like a decent concept if you include are comprehensive in the policy...especially now that I am self managing a number of my prop...
When buying a property I always calculate 10-15% for delinquency and vacancies. With my portfolio this is a conservative average however I have a fourplex with small one bedroom units that seems to take a long tim...
To say the least, we're overwhelmed. My mom has owned her rental property for the last 12 years located 2 hours out of state. She's been an absentee landlord for the duration, and we continue to encounter problems wit...
Hey Team,
i'm in escrow on a 3/2 home in South Tampa brand new remodel. We are in escrow at $390k and we are putting 25% down. We are only cash flowing about $125-$250 a month. Our cash on cash return is 2-3%. Lo...
People say that the Chinese word for “crisis” is comprised of two Chinese symbols—the first symbol signifies “danger” while the second symbol signifies “opportunity.” In one of my last BP articles from December 2019,...
I thought it would be nice to have a collecting point for day to day money/time savers for rentals. Some things I do or have seen on the forum so far:
Remove storm doors.
Advertise rentals on craigslist
Remove or lo...
The property management company I work with in Michigan wants to charge me $250 for a renewal of a lease. I have two other PMs in another State and they don't even charge me for this. Is this common? It's just resigni...
Hey all,
So we are facing a big decision on whether to move into a rental or not. It's in an area we have been wanting to move, there are currently no other rentals that fit our criteria, now is a good time to move...
Hello,Am i being unreasonable by telling my handy man that these charges are too much. He said he went online and searched for average charges. My argument is he should use local comparisons not national. And i coul...