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We have 2 single family rental homes in California which have no mortgages. Cash flow is relatively high since only property taxes and insurance are outgoing payments (and necessary maintenance/repairs).The propertie...
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I typically charge the equivalent of one month's rent for security deposit. For those of you who allow pets in your rentals, do you charge a pet deposit? If so, how much?
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What does the CMHA “payment standard” mean? It’s significantly higher than my highest current rent (2-bd/1-bth, Euclid, OH). Does it mean that I could expect higher rents through CMHA tenants? In short, I’ve never re...
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We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
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How do I set up in a lease, to protect myself (landlord) from tenant putting together a lawsuit against me for property damage during unforeseen circumstance like fires or earthquakes etc. when they didn’t purchase re...
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Hello BP, I have a question about additions. I found a property that is listed for $83k as a 3/2, however when I pull it up on the county website it is listed as a 2/1. Upon further investigation it appears the carpor...
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I can get a $52k HELOC on my primary residence and $15k in a SDIRA.
I was thinking of buying $80k-$100k multifamilys in Cleveland, Ohio with 25% down on each.
I’m trying to calculate what to have in reserves and the...
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What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
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I have a rental property that would benefit from an additional bedroom. The basement is currently 6'3" high. How complicated is it to dig another 12-18 inches in a section of the basement to be able to build a 3rd leg...
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Hello does anyone from Chicago have any knowledge dealing with Chicago building code violations? I'm looking into purchasing a multifamily that had a brick addition done in the back over 20 years ago. There was no per...