Sarah Lewis
Two months security deposit, too much?
Should I start charging two months rent, the maximum legal amount in California, for the security deposit before a tenant moves in? Or, will that be too much and scare off potential tenants?Previously, I've always ask...
Josiah Hrusch
Deal assessment, and advice
Deal for 210k, 25% down, duplex, 1 side rented out for 1000. The other side is vacant. Has plumbing issues, and foundation issues. Neighborhood is bad. Drug dealer across the street, a lot of shooting in a street behi...
Chris Sweeney
Best Way To Dump So Cal Rentals Gone Bad
They have two expensive/alligator houses bought at the peak about 6 years ago. The owners are independently wealthy and thus are not concerned about their 800+ FICO scores going away. All loans are purchase money no...
Sean Chen
Should the tenant be responsible for the damage or landlorad
It was close to Christmas when my property manager called me and gave me the bad news: one of the tenants was celebrating his son's birthday and invited the boy's uncle to the party. They got into altercation and the ...
Rick Im
Do these expenses qualify for start-up expenses?
Hello,
I purchased my first rental property on October 4th. After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th. Before this purchase, ...
Shane O'Donnell
Orange County Florida Property Tax Appeals
Hello BP community. I live in NJ but have two rental condo units in Orlando. I want to find a local attorney that can help me appeal my property taxes. I welcome recommendations and your thoughts. Thank you, Shane
Erik Kubec
Rental property burned down -- need advice
Hello Folks,
Every landlord and tenant's worst nightmare.
Our friend (recent single mom) had just moved into a house in north suburbs of Denver. She had been there one month and didn't have renters insurance. Sh...
Shane S.
Fire in 4-plex; what's landlords obligation?
I'm in the process of purchasing a 4-plex that had a fire in one of the units; the structure is fine but it got me thinking. If a fire happens in a multi unit property and forces all the tenants to move, what is the l...
Zack Williams
Any Bad Experiences?
I know a lot of people get on here and talk about all the positive experiences they've had with real estate but just like in anything competitive, with wins also comes losses. Are any investor willing to tell a story ...
Mathew Pezon
Painful First Flip Turned Flop. Any Advice??
Dear BP Community,
It all looked so good on paper, and then when the project started things did not go according to plan...
I'm dealing with a painful first flip that I still haven't sold yet but purchased in Octob...