I'm going to look at a duplex in my town this weekend. It is fully rented. Currently pulling in $525 per month per unit. Total gross rent = $1050 per month. Utilities are separate and paid by the tenants less the ...
Just wondering if you landlords out there institute automatic annual rent-increases. I give myself the option in the lease, but do not typically. Good tenants are hard to find and I don't usually tock the boat. You?
Great forum. I've only stumbled upon it, but it looks like I've come to the right place. I realize my question is about as newbie as it gets, so thanks for your patience!
I have no experience whatsoever in real estat...
Got a unit that turned over and the tenant left the unit smelling real bad. Can't really put my finger on it but smells sort of like body odor, cigarette smoke and uncleaned clothes. Doesn't quite smell like they smok...
Hello BP Nation!I've taught Dave Ramsey's Financial Peace University through my church and I thought maybe it's worthwhile to offer to send my renting families through the class? If they latch on to Dave's principles...
TL;DR - Commercial newbie needs to know how to effectively lease up a few shops in a tiny town. I have found myself suddenly to be a commercial property owner. Besides some residential units, my new building has 3 com...
So I'm interviewing property mgmt companies and yesterday I talked to two new ones. While throwing questions at them, the second company said they typically only charge $300 for a security deposit (vs. the standard "...
$489,000 purchase price$10,000 face lift$1698 mortgage (25% down and a 3.75% rate at 30 years)$307 taxes$175 insurance$175 HOA$118 vacancy$29 maintenance$59 CapEx$2561 total expenses$2950 rentDoes this seem out of lin...
Hello fellow landlords,
I hope you're all doing well. I wanted to open up a discussion about an issue I've encountered recently in my California rental property (7 yrs old home), and I'm sure many of you have faced s...
Okay here is my situation.
Ive been working with this realtor on this short sale for about 2 months. The asking price is 70k, and I got the lender to accept it for 65k. As is value for the property is about 80k. The...