Edgar Perez
condo living upstairs renters causing damage seeking advice
posting on behalf of a friend, looking for advice. Chicago Illinois; My friend owns his condo unit in a multi unit building, he has some issues with the upstairs neighbors that happen to be renters of that unit. His...
Miranda Paton
Best insurance for CA single-family rentals (and other states?)
Hi! I never thought I'd have this kind of "luxury problem," but I now have rental properties in three states--CA, OR and SC. The SC and OR properties are insured with local companies there and that's OK, but I need ...
Karen W.
Bay Area Newbie - How to Start
I have a few units out of state but am interested in the Bay Area now that I live here. I've followed a few seasoned veterans from the area here on BP. It seems like several have strong relationships with realtors or ...
Melisa Richmond
Property deed not changed
Just found out recently that my husband's ex wife's name is still on the deed to the property that we live on. His divorce decree states that he gets ownership of the property. The attorney that they went through fo...
Megan Aldridge
Pet Logic
I'm trying to sort out the pros/cons behind charging pet rent ($15-25/month) vs. a one-time non-refundable pet deposit ($250). I have not had tenants with pets in the past, so I'm not sure which way I want to go on t...
Clarence Johnson
Deal Analysis, experienced opinions neeeded-LA, Ca
Hello to All,My business partner and I (both Realtors in southern Ca)have decided to take the plunge and purchase our first flip. After running the comps and walking through with my dad and Uncle (both in the busines...
Michael Redmon
Depreciation? Wore out early
I’m confused, if a depreciating asset wears out early. Carpet is depreciated over a five-year period, what happens if your tenant destroys it in year two? Do you take the rest of the value of the carpet and depreciate...
William Simon
Investing In Class C- Area ($28K Average Income)
Hi All,
I have located a property that presents a very strong CoC ROI of 19.46% using a 17% vacancy rate, and a very high CapEx amount. The property was built in 1950 and is a total of 5 units being rented out curren...
Jim D.
Hidden Treasures of Tenants Past
Everyone hates cleaning up the junk tenants sometimes leave upon moving out... but every now and then they leave something worth keeping. My best finds so far:Ladder golf setHoverboardAcrylic paint setFull case of win...
Matthew Basa
Homeowners insurance for rental property
Hello BP community, which is more recommended when insuring your rental property- insuring it for its replacement cost or just the cash value? Not sure if one is definitely better than the other or if it’s just based ...