Lol Those were the good days ( just a few months ago). Fanny and Freddie  becoming more strict with lending increasing rates. Lenders adding on a extra 2%- 2.5% in fees on top of their original fees.  I hope this isn’...

Are there any hidden start up costs to buying your first rental property and getting it ready to rent out?

Examples:
Do I need to hire a lawyer to write a contract for a tenant to sign?

Are there any inspections ...

All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...

Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower th...

We just signed a lease on Monday with a seemingly good tenant. She passed our application process and had all the money due for lease signing. Within hours I received a text of things she would like us to change or he...

Hi All, I recently closed my first deal and will be house hacking a two family in Quincy. We took possession of one of the units on 9/1, and found that the previous tenants left several large pieces of furniture behin...

Hello! I recently bought a duplex in the Suburbs of Philadelphia as my cherry popper.  I live in the downstairs unit and rent the upstairs unit.  I have a few questions surrounding basic bookkeeping.I did an FHA Mortg...

Efficient property management is a delicate balance between seamless operations and strict compliance with legal requirements. In this comprehensive guide, we'll delve into the key strategies for streamlining property...

Options/Advise requested.Looking to purchase an old home with low money down (up to 5%). Home need quite a bit of cosmetic work, most of which I am capable of doing over time. I am trying to avoid an FHA (203K) becaus...

I've got a bit of unusual situation here and am wondering if any folks (perhaps attorneys?) in SF have some insight.....On 9/1, I leased a three-bedroom apartment in San Francisco from the landlord who lives in the up...