Matthew Paul
I have to make an exception .......rent will be late
I have a great tenant , 23 year old guy . Just texted me telling me he wont have the rent on time . He has a car payment and rent and doesnt have enough for both . I have to believe his excuse . He is in the Coast ...
Heather Shannon
General Contractors: Hire one or be my own?
I am planning to buy a fixer upper and make it a B & B. I'm torn about using a general contractor vs. doing the general contracting myself.CONs of Hiring a General Contractor:1. They are reputed to suck big time ...
Marvin Song
Property Manager I fired today did repairs without an approval. Am I liable?
Hi All,Here's a situation.I bought a rental property from a turnkey provider based in Indianapolis last November with a tenant in place. This provider rehabs, sells and manages a property so they've managed a property...
Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
Gregory Montalto
You have the keys. What do you do first w/ rehab property??
Situation - You've just closed on a new property. It needs significant repair / renovation work. Your goal is to fix it up and have it rented or on the market as soon as possible.
What is the very first thin...
David Wong
What made you quit your job and go all in with Real Estate?
Hi Bp community! Just curious, when did you make the move to quit your job and why did you quit? Just wanted to hear your stories and the motivation behind your decision. Thanks everyone!
Jason C.
Evicting for discharge of firearm in the house
So we had an incident in one of our duplexes where a guest of the tenant was shot inside the home. I heard about it from the tenant on the other side who was afraid for their own safety, obviously. They have called me...
Luna B.
Postponing rent collection to lower taxes
I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...
Renee Anders
Selling a rental property - what to fix, what to leave
My spouse and I own around 10 properties in our area. One is a property he purchased before we met. It was rented to the same renter for 11 years with a manager taking care of the property. The renter recently moved o...
Chris Gawlik
The US Economy Will Recover Quickly ??? Think Again !!!
I keep hearing many investors speak of the housing market and stock market as if we are in a normal situation. Everything is great and the stimulus has solved all of the problems that a global pandemic has created. Ta...