We have been investing for a number of years in KC and I have followed many of the success stories here on BP and thought I would contribute one of ours.  Its quite long but I hope instructive.In late winter 2010 my p...

Hey BP community, I’m trying not to lose my mind here. We had tenants for 3 years move out recently in Virginia. The place was really gross- mouse droppings, damaged and moldy drywall, a broken window, termite dam...

My tenants have been in the unit for 4 years and they're moving out soon. The walls were professionally freshly painted before they moved in and now they're thrashed. Every single inch (or it feels like that) of the w...

My tenant called me last night and said that her daughter plugged in an iron in her room and that it somehow set off the circuit and there is no electricity in her room. She said that they unplugged everything in ...

I just had a tenant move out of one of the units in my duplexes (in Kansas City if that matters), and it looks like there is some repair work that needs to be done on the cabinets, paint, carpet, door handles, etc.Whi...

Hey BP family ! Any CPA’s out there lol  .  I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...

I owned a rental property in Adelanto, CA. Monthly rental income raised to $1000, $600 security deposit. This tenant leased for 6 years and just moved out last week. So my PM done the inspection there. Found out I hav...

Hi All,My first tenant in my first ever rental is nearing the end of their 1st year lease. I currently have a PM in place, and their procedures are to ask the tenant 30 days prior to end of lease if they would like to...

My wife and I had been interested in purchasing a rental property for about a year with the intent of making this a business. She's a teacher, I'm an engineer and we have little faith in the future of Social Security ...