Dianna Roberts
Frozen Pipes- Tenant without water
Hello,We own a multi unit building in Chicago and the temperature dropped over the weekend. This has caused some pipes in the basement to freeze and burst. Issue: tenant in basement unit is without water. We are activ...
Susan O.
Parking money in Slower Markets - Mid West, South, high CoC cap?
Is anyone doing 1031 exchanges out of markets like San Diego, San Francisco, NYC, Boston and just parking money in slower markets? Or sub markets with higher cap rates?What are all your thoughts on just parking money ...
Tyco Bronye
did a lot of work with no permit
I bought a house that was not in the best shape about 4.5 years ago. It is three floors total with a walk out basement. The first project I did, I pulled a permit for which was to completely replace the electric main...
Joe C.
tenant says he's afraid that his infant will cut her fingers on brand new radiators.
In 2015, i had radiators installed on the 2nd floor (bottom pic). In 2023, i had them installed on the 1st floor (top pic) at a cost of $1,000. They are from different manufactures. i got a new tenant in on Jan 1, 20...
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Patti Connolly
Looking for a Letter Template on proper AC installation
Not all of our properties have central AC and most tenants will be starting to put out their window AC units in a few weeks when things heat up here in Pennsylvania. Once about 10 years ago our tenant did not instal...
James P. Hill
The Housing Market in South Eastern North Carolina
Have you wondered where the housing market is going in South Eastern North Carolina?
We know that people have certain needs according to Maslow’s Hierarchy of Needs.
Food, Clothing, and Shelter are the essentials t...
Account Closed
Tenant fears for her safety... wants to move out.
Just to prove that there is no "normal" day at the office when you deal with tenants, I had an interesting case today.So a high profile crime ocurred some months back in the neighborhood of one of my rentals. Its been...
Josh Corriveau
Thoughts on Renting Guest House on Property?
Hi BP,
We have some property and are considering building a main house along with a guest house that we could rent (either long-term or short-term, which are both permitted by town). A nearby neighbor has a 750sqft ...
Ryan Smith
Multi family unit with fha
I’m looking to house hack by buying a multi family unit, but have a few concerns. I have a 2 yr old and wife. What if I buy and end up not being comfortable with the area as I work nights so they are home alone. Can ...