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I was wondering, when analyzing a potential property to purchase, what % of rents do you account for to be vacancy, capital expenditures, property management, and repairs? I am starting to practice analyzing deals and...
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Our insurance guy is telling us that we should have a requirement in our lease that the renter have renter’s insurance for $500k liability. He said most policies are at $300k, but it’s only an extra $10/yr to bump up...
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Hello Everyone,I'm interested in purchasing my first investment property in Chicago next year. Trying to gather some thoughts/opinions on the market and maybe some specific neighborhoods to research further.I'm curre...
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My wife and I are currently shopping around for our first property. We are trying to find a triplex so we can live in one unit and rent out the others. I'm definitely taking advantage of all the knowledge that I can g...
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Morning everyone!
I haven't posted in a few days so I figured I'd jump in here and get a discussion started. I have a goal to post at least once a week to get to know you guys as well as make sure I'm consistently le...
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I just got back from a showing where the prospective tenant didn't show. It was scheduled for 7pm and I called about 5 after and of course it went to voicemail.
I'm just looking for tips from experienced lan...
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Hello. everyone.
I am here to offer some painting tips today.
I will periodically add to this topic as I do work myself and learn the ins and outs of
revitalizing property.
So this week I had to paint the interior ...
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I am considering not renewing any leases as they expire. I feel one of the main benefits to a month to month tenancy is being able to adjust rents if a property has continuing issues that cost more cash out of pocket....
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I'm looking to see if we could compile a list of the top 5 mistakes made by landlords. I'll throw out a few and hopefully we can come to some kind of consensus.
Note - to all who participate,...
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So I signed up with a property manager on my NC property. I'm paying 10% for their services. Last month my tenant was late 13 days on his payment. I just assumed that the late fee collected was going to be paid to me ...