It has been a while since I have seen any tenant/property management horror stories in the forums. It is important we share these experiences as investors even if we might be embarrassed about the circumstances. You...
A new tenant had a small water leak in her apartment due to a clogged drain. I cleaned up the water, which did not damage her belongings since it was minor. I had to shut the water off to the apartment since, at the t...
We have a drain field on 60 year old home that is "failing". Everyone's solution is "get a new one" - wow..genius. Anyway, any other ideas? House for 60 years didn't have a drain field problem. In advance, ANY ide...
Hi everyone, anyone recommend a good brand for toilets. I'm a landlord of a 2/2 condo that I've owned for almost 20 years
and it's time I to replace both toilets. I spoke with a handyman a friend recommended to insta...
Is it bad to own rental property when it has a basement due to potential flooding and getting water in the basement?
Hi,I am just finishing my rehab on first investment property (SFR).House was owned by an old couple so was in a pretty bad shape. Had to do almost everything (roof, lights, kitchen, bathrooms, flooring, doors, windows...
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Hey everyone,So I closed on this duplex in Philly end of September and I am house hacking. I’ve already spent a significant amount of money on fixes. Some fixes I knew about before closing and some that I was unaware ...
What were the biggest mistakes you learned from rental properties ?
Hello,I recently purchased a multi family investment property in the surrounding Pittsburgh area of PA. The property is fully occupied with great tenants at the moment. I have property management in place so I wanted...