Is it bad to own rental property when it has a basement due to potential flooding and getting water in the basement?

Just got a 4-plex under contract for $120k. Each unit is a 2/1.1 and rents range from $540 – 580. Gross rents of $2250. They are all currently leased with tenants of 12, 7, 5, and 2 years.

I just met with the ow...

Hello.  I am looking for advice on obtaining insurance for my rental building.  The building already has water damage to it and needs work.  I currently do not have insurance.  How should I proceed?  Will the insuranc...

Hey everyone,Bear with me since this is my first post regarding this topic.  DescriptionCracks are starting to show in the stairwell on the 3rd floor of my first rental which is an old home that's getting older. It's ...

I have a massive three story house in Lakewood.
About 3,000 sq ft so the estimates to completely side the house is anywhere from $25-30k.
First, does anyone know a reliable handyman who can replace a couple wood si...

Have you had any prior bad experiences that have pushed you to restrict certain types of animals from residing at your properties?  I've had bad experiences with Ferrets in the past and have heard some owners restrict...

Hello everyone,Happy Saturday to you all! Tomorrow I will be doing my first walk through of a potential rental property, so exciting!So many questions come to mind:1)What are some things I should definitely be looking...

I have recently purchased a rental property on the East side of Raleigh, NC. The house needs some work such as replacement windows, rotted siding, unsupported deck, and several other issues (and probably more as we ge...

The lowest temperature in indianapolis is 27 these days, and I forgot to shut off the water in my house. I won't be back until this Friday. I am wondering whether my house is in danger now. Thanks.

Hello All,Hoping to get tips on recognizing and troubleshooting potential foundation/water damage. I've found a home on a slab that I am interested in but worried about the back yard. The yard is sloping towrads the h...