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I would like to get landlord opinions on whether or not you use home warranties such as American Home Shield, etc for rental properties. Is this something that landlords utilize to reduce repair costs, Do you require...
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One of my PMs told me they were going to raise the rent from 900 to 925 for a tenant who has a lease expiring soon. After speaking with the tenant, they told me that they will not renew the lease if rent was increased...
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I am a young investor and in the next year or two I will need a new car. I bought it in high school and it's running on it's last legs. So I run into a very interesting dilemma that has shown two very distinctive an...
Hello hello. I was just inside one of my units fixing some plumbing, and I noticed they had taken down 3 smoke alarms and the only carbon monoxide alarm. Only two of the original 5 smoke alarms were still up (though...
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It's been a little over a year since I first allowed a specific tenant to move into my property. I let her know that enough time had passed and I would like to do the first annual inspection and asked her to provide a...
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Hey BP, curious if anyone has thoughts on the BP calculator with regards to the Rental Property analysis vs the 50% rule? I've been using the rental property analysis calculator and when I plug the expense numbers in ...
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On July 3, 2016 I read Robert Kiyosaki's book, "Rich Dad Poor Dad", while at the beach and spent the rest of my vacation researching rental properties. That summer/fall I researched and read books and listened to podc...
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Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
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Hi BP community,I have a confession... I am considering investing in a 'D" area! The other day I was helping someone from my church who's mission group purchased an 8 plex in a "D" area of the Chicago suburbs. They ar...
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Hi everyone,I am very new to land lording and have a question on how you would deal with the following problem tenants I recently inherited when I purchased a triplex. I have two tenants, call them A and B, who can't ...