Erin N.
CAPEX or repair? Where to draw the line
I set aside 8% of gross rents for CAPEX, and I keep that money in a separate account. I recently had 2 major issues with HVAC systems at two of my properties. One cost me approx $1000, the other approx $1500. I'm n...
Michael Miles
Personal Property Tax
Hi, I bought a furnished 3 bedroom condo last year in North Myrtle Beach as an LLC and received a notification from the county that I have to pay a personal property tax on the furnishings. I have no idea how to place...
John D.
Do investors use special insurance inspectors prior to closing?
Hi everyone!
I have a question about insurance inspectors.
We recently had a case where we purchased a new SFR property and we had a clear CO from the local authority. We conducted a home inspection as part of our ...
Robert Bolejszo
Questions about tenant stuff after a eviction (NJ state)
Hi,Does anyone know what the law states in NJ when it comes to the tenant's stuff after an eviction?the situation: the tenant has been formally evicted by the local court/sheriff's office and currently the tenant's be...
Carl Duke
How do I remove this lock?
Has anyone on this forum seen a lock system like this one? I am closing on this home in two weeks and this deadbolt is broken (it is locked now and the interior knob does not turn the deadbolt.) I am trying to deter...
Henry Clark
Deal Analysis- Failure
Mentoring someone in the "Post Deal ??" in this forum. One of the key action items I just asked them to do is a Failure analysis.To be successful you need:A. IdeaB. Money- sometimesC. Jump off the cliff.Most peopl...
Account Closed
Rental SFH Rehab for HELOC
Hello BP CommunityI have a rental mid-$500K SFH in suburbs of Washington DC. This a typical suburban community with homes that are 5 bedrooms, 2.5 baths and 2500 sqft of living space. The house was built in early 90s ...
Sarah West
Security Deposit Deductions
Hello, we had a tenant move out recently and are working to get the security deposit refunded within the 14-day window as stipulated by AZ state law. I have a few things I am hoping to get some guidance on if possible...
Will F.
Which credit cards give best rewards for big box purchases?
Hey guys I do a lot of large purchases at the big box stores- home depot lowes etc.
I was wondering if there were good rewards programs for them. I know you can go to the pro-desk at home depot when you make ...
Ryan Cleary
$3,300 to paint 1,500 sqft? (Ohio)
Just got a bid presented to me by my property manager from a contractor of $14k for tenant turnover, incoming rent for the unit is $800... I know the unit well and it's not in bad shape. Some of the items are totall...