Dear Pocketers,
How do you harden / bullet-proof your rentals?
While I've never had anyone utterly trash a rental of mine, I've seen the damage they can do first hand (typically when buying the rental and seeing ...
Recently my husband and I jumped head first in to being REI's and landlords. We've been looking for a couple of years for something to invest in, but he's not a fan of properties which need significant work and we hav...
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Hello!I have renters in our unit for the past 5 months. They signed a 6 month lease with us. Last month, while paying rent, one of the tenants told me that they were considering not staying the full 6 months and that ...
At the end of a one year lease, does it make sense to offer them a lower increase if they choose to stay on month to month, and higher increase if they sign a new one year lease (since they would be "locking in" the p...
Hello, I just evicted my tenants who stayed in my property for only 11 months. Unfortunately, they left my property with damaged carpet, holes on the walls, in additional to leaving behind their filthy belongings. N...
Here’s a strategy that I haven’t seen many (if anyone) talk about and I’m curious to see how the BP family would do it. Below are the benefits (I know of) that I can use:Please let me know if I’m missing anything. 4% ...
Background:So I just got a tenant in my 2nd rental property. I closed on May 23rd, 2013. Tenant moved in on July 19th, 2014. There were some things I had to take care of: change front and rear door locks, replace m...
There is something called an efficient market (well known in stocks and commodities). That is where there is no easy money to be made, as everything is priced so no one has an advantage.
Then there is the mania. Fo...
Let me give you a little back ground first.
I'm 19, a cashier at walmart, moved out on my own a few months ago, I'm getting married in the summer of 2010, and I have virtually no cash saved up (though I am working on...