So we are about to close on our first 6 flat building and when speaking to my banker (who is also a REI), she stated that she requires 2.5 months rent for her security deposits, because we live in Cook County and evic...
My tenants phone has been working fine until the first month he took residence. Since then he has been consistently late by a few weeks for the rent. Now I call it and it goes right to vm. I went to the house to tell...
I'm just starting in the STR market in the Orlando and Tampa areas and was wondering what all of you experienced vacation rental investors would say are the 3 most important tips or advice to running a successful/prof...
Hello seasoned landlords:I am heading into my first tenant transition on my first rental property. The current tenant is in the process of buying a home and expects to close the end of february. Our contract is on a m...
Hello everyone,
So I am speaking to someone who is trying to sell their home. He lives like 2 miles away and his house is in great shape. I am offering my "services" to him for a 15% commission of the final s...
Hello bp,
So just a Quick story, last summer one of my friends needed a place to stay after he sold his house. He rented a room for me for 300$/month. It was great. I soon came to find out 300$ was cheap and I shoul...
Hello Bigger Pockets! I'm looking to get in to real-estate investing and purchase my first house in the next few months. I'm planning on house hacking and adding a studio ADU for extra income. However I am having t...
In my area is a walkout basement duplex for rent. Each side has approximately 2,200 square feet and 3 or 4 bedrooms. The duplex is in good shape and in a good convenient neighborhood. Market rent for each side is $1,...
I'm going to be managing a rental in a high demand area. It's a small bedroom and under normal circumstances such bedrooms are charged as if the tenant would be sharing a bathroom and a kitchen with other tenants also...
I am visiting family in Texas and decided to make a side trip to Memphis for couple of days to check out the market here. This will be my first rental and I want to play it fairly safe. Do any of you have thoughts abo...