We’ve all heard the saying, “It’s better to bet on the jockey than to bet on the horse” because a good jockey can make a bad horse run fast, and bad jockey can make a good horse run slow. The same is true when lookin...

Hi all,I had a bookkeeping question for you buy-and-hold folks out there. This is probably a very basic question for the pros, but I'm  am just about to wrap up my first official year as a formal landlord, and wanted ...

I have an old building that has to come down. I dont see many ads for good used lumber any more like you used to in the old days. It has old style oak floors in most rooms,,any value there?? How do you 'price' used ...

I'm working on putting together a document that will outline expectations for tenants and cover any additional items that would not be covered in a standard state lease (TX). If anyone has suggested items to include o...

The numbers on a couple manufactured homes I am looking at are great.  But they were built in the early 90s.  I worry that if I hold on to them for 10-20 years, they may literally fall apart and then I am just left wi...

I currently have a 3 bed 1 bath under property. This is my first deal, and I am unsure of whether or not I should spend on big cap ex items now or later. I will be living in it for a year before I turn it into a renta...

Hello all, in podcast 36, Kevin Perk discusses a move out letter he gives his tenants of what they need to do in order of get their security deposit back with costs if they don't do what is required. Does anyone have ...

Hello! My wife and I are looking to start flipping houses (we’ve been discussing it for over a year). We see our first prospective property this Friday. What advice do you all have for first timers? What general items...

Hihihihihihihi....Would anyone be able to send a few thoughts on how to use the Rental Prop Calculator to analyze a seasonal vacation renal. I'm doing this for my mother who owns a condo in Cape May, NJ. She often has...

Property walkthrough  
Hey everyone! I just closed on my first house Friday and am doing all of the work myself with my step dad. He has been working on properties his whole life so he’s a great resource and partne...