Tarcizio Goncalves
Capital Expense or not?
Hi everyone, I inherited a tenant when I purchased a property 6 years ago and this tenant moved out. Tenant has been there for over 20 years so the unit has a ton of updating that it needs so that the unit is brought ...
Becky Watkins
Deck on an Owner-Occupied Multifamily
Last year I redid the stairs on my triplex. It was more than a small repair, so I am capitalizing it. My question is whether I can depreciate the whole thing or just 2/3 of the cost. The entrance to my unit is in the ...
Joon Ma
Planning for a kitchen remodel that will most likely take longer
The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues. Think about it. When was the last time you heard about a ...
Jason S.
Turning an STR into a Traditional Rental
We have been hosting an Airbnb for over a year and have cash flowed more than the home would as a SFR. However, the work we have to do (we do the turnover most of the time), along with the aggravations that come with ...
Brian H.
Question about "extras" on rental properties.
Hey all,I am new to this landlording bit. Something I have wondered is how you determine how much more to charge in rent for extras on rental properties. For example, I am up in the mountains of NC. It isn't SUPER ...
Henley H.
Short Term Rental Cleaning
After offering long term rentals for years, we recently dipped our toe in the short term rental waters. We have done all the cleaning ourselves when preparing and turning over the home and take care to do as good a j...
Shannon Trivett
Abandonmet - When can I toss tenant's things?
Hi all, I’m hoping you can offer some insight to my rights and responsibility to the tenant in this situation; (Property is in PA)
- One of my units was raided by SWAT on the evening of July 16. - Due to ...
Alana Nevares
Repairs on 1940s and1950s midwest properties are eating returns
We have few single families in University heights, Euclid and Garfield Heights. We should be making about 200 per door each month, however, repairs are compromising the returns. One of the properties was acquired 7 mo...
Peyton Clark
How does a reputable contractor get paid?
Hey BP fam,I’m wanting to dive into my first flip here in Nashville - I would use hard money to fund the purchase and rehab. I’m aware of all the costs of the loan and closings - my question is how would a contractor ...
Joey D.
Diy time management
I have a question for all diy 3 to 5 unit owners. How much time are you spending at your multi family unit per year doing maintenence and property management. I've looked at 3 deals so far that the numbers didn't wo...