Hi All,New rental property owner here. I'm curious what you all think are the most important terms to include in your lease? What non-standard terms have reduced your risk, hassle, and property maintenance issues th...
Hey BP community,What are your thoughts on the up and coming term - virtual property management? Airbnb and Uber have paved the way for automated self serving platforms, but could it work in real estate? The concept t...
While I know the 50% rule isn't always a direct measurement of things, for this purpose I am going to assume it is. So, being a newbie, it is my understanding that 50% rule simply states that 50% goes to costs of prop...
OK, so I’m having some personality conflict between one of my tenants and the maintenance man. The maintenance man is also a tenant, but in a different building in a different town. These 2 buildings are approximatel...
Hi all, I have a SFH with a backyard that is extremely shaded after years of tree growth behind the property. The trees are not encroaching on my property but they shade to the point that no grass will grow and conse...
As a landlord in NJ, do I have the right to enter the premise with a licensed contractor to investigate violations from the township?Can the tenant deny my access if I give them enough notice ( > 24 hours)?
Hello everyone,I have been listening to, "The Book on Rental Property Investing," by Brandon Turner and it sounds like a good property manager is hard to come by. Most property managers are terrible, I think I heard i...
We want to eliminate our same day turnovers. On AirBNB it's simple to add a day's buffer before and after a booking, but hard or not possible on VRBO.
Hospitable is our PMS and I don't believe they've got that functi...
A brief bit of background: The below checklist is intended to be used during the due diligence period for 2-4 unit properties. It is cobbled together from many sources and so may have some items which are "non-standar...
Hello BP,An owner of multiple units reached out to me and was interested in my property management company. One of his questions was the transition of the properties from his current PMC to mine. From everyone’s exper...