Brian Beadle
Amount of reserves needed when buying your first rental property?
Hello All, I will be in a very good spot to being building my buy and hold strategy in the next few months and I am curious as to what everyone sees as the appropriate amount to have in reserves when buying your first...
Paige Roberts
Who is responsible when pipes freeze and burst? Tenant no propane
My tenant apparently did not order propane for his rental. I was not told until after pipes froze and broke. Apparently he was just using a small space heater for his room. So who is responsible for the broken pipe...
Katharine Chartrand
Propane for heating and cooking
I bought a mining cabin turned methlab/earth ship with the intention of fixing it up selling it to a normal person. It had a wood stove and some randomly distributed electric heaters, but they are all gone. I would ne...
Pat Jackson
House on septic that's not up to code, should I close?
I have a 2/1 under contract for 28,500. ARV 70,000. Would rent 700-750 rehabbed. In a nice B neighborhood. Needs ~20k in updates, not including septic updates. I bid on it not knowing it's on septic.I signed the ...
Barry L Hohstadt
Monthly Condo Fees Questions
Hi Folks,Looking at a condo that has a very attractive price point but the monthly fees are very high. Is it normal to pay a monthly reserves fee on top of the HOA? 910 a month on top of the mortgage would take a big ...
Malik Edwards
Single Meter Plumbing
Good Evening all, I hope this question is allowed on this forum. I purchased a Duplex in Wilmington, DE. It is a rather big house but only has a single meter. I'm looking to get a submeter or a method of identifying h...
Me Him
Recently purchased a rooming house, looking for some advice
I recently purchased a rooming house, and I'm looking for some advice for how to maximize my profits and minimize headaches. It's a 9 bedroom house in Seattle, and currently fully rented out to reliable people who hav...
Rishi Patel
First Property.....Need Insights!!
I really like this Tri-Plex, 30 minute drive from Philly. I want to live in one unit and rent two other.Asking - 249000All three units are rented.Monthly - 2200 ( for Two units, since I am going to live in the third u...
Joseph Ret
Landlord paying utilities
I have a prospective tenant who wants the landlord to pay utilities and she's pretty adamant about it. This kind of gives a red flag to me but it brought me to this question. Is it possible to put in the lease the max...
Andy N.
Buying neglected 33 unit property NEED Gate
I am buying a neglected 33 unit property. The owner is not local and has let the property go down hill. 10 units are currently rented. The buildings look fine and are in good condition other than a few broke doors....