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Hello BP friends!I am an investor living in California trying to utilize the BRRR strategy in Virginia. Specifically in the Lynchburg area. My reason for choosing Virginia is that I have family there and have helped f...
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I am in the final stages of the due diligence period on a 16 unit complex. I would like some thoughts around successful transition plans some of you have tried to increase rent, move some tenants out and transition ut...
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I’m just starting my real estate journey and I have this burning question that I can’t figure out.
How do you know or decide whether you or the tenant will pay the utilities (water/sewage, electricity, gas, garbage)?...
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What do you guys know about utilizing the stress test when running the numbers on properties, and is it really something that needs to be done? I spoke to a lender in O'Fallon, IL that thinks there will soon be anothe...
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I inherited a tenant on a property that I bought about a year ago. The property's sewer/water/trash bill comes in Quarterly from the borough it's in and the account is tied to the house.
The lease I inherited states...
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I’m managing a 5 unit building and my owner has asked if there is anything we can do to help with the excessive cost of water and trash. They inquired about submetering but I’d like to know if anyone is using RUBS, i...
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I am working on analyzing properties to get my math better and want to know what everyone on BP uses to estimate utilities and also rent for an area! Also how to know if the landlord or tenant pays utilities!Thanks!
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Greetings BP community,I am getting ready to make some offers on a primary residence (first-time home buyer) that I will use to House Hack. My understanding is that it is NOT recommended to actually purchase the prope...
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Looking at a couple of different possible multifamily properties to buy and two of the properties I'm interested in have me wondering which is best. Property A has tenants paying utilities but the rents are well under...
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Hi everyoneLooking for suggestions here to avoid future issues around utilities once a tenant vacates. On all my properties I'm enrolled in the landlord reversion program. HOWEVER this only initiates if the previous t...