Brian McCarter
How to apportion costs of rehab when renting out rooms in home
I wanted to see if there were any tax experts who have ever rented rooms out in their home. The answer my enrolled agent who is not a real estate expert gave me did not seem to make logical sense to me and I wanted to...
Victor Lebegue
Minneapolis, St. Paul, MN Utilities
Hello everyone,I looked at a 2700 sq. ft. property today and I need some advice on utilities. I'm trying to break down expenses to get an idea of cash flow every month. Currently the building is vacant. It has 8 units...
Thuan Phan
Question re: Prof Prop Mgmt Co for section 8 properties??
I am considering investing/purchasing a rehabed property in Detroit, MI and renting it to section 8 tenants. This is my first time renting to section 8 tenants. Are there professional property management companies t...
Karen Collins
Would our personal home be marketable?
My husband is retiring & we are moving to another state early 2023. We would like to sell our 3-yr-old home to an investor since rentals are common in our subdivision. The house next door is exact same model as ou...
Chris H.
Easing tenants into new leases where sqft has gone up.
I recently had my office complex re measured and maped out to BOMA standards. Usable sqft when up by 1000sqft and rentable sqft went up by 9000 sqft. 50 of the 60 leases are up for renewal (negligence of the previous ...
Reid Hanley
Valuing a Mobile Home Park purchase based solely on Rental Income
I need some input from all you BP MHP Pros! I met with a seller yesterday who has an 81 unit all POH Park for sale based on a 7x multiplier of his annual rental income. Would anyone here buy an all POH MHP based sole...
Adrian Vega
Buying a triplex that landlord pays heat and hot water for tenant
Hello everyone,I am new to real estate and myself and father are new landlords also. We purchased a nice triplex and I am a bit concerned about having to pay for heat and hot water. At some point we will figure someth...
Pat Rach
Individual room rental in single family?
I have heard many people talk about how finding small multi family in their area is hard, and I don’t know if I’m not looking in the right place but it’s been hard to find for me too. With house hacking as the first d...
Omar Prado
Chicago house hacking, how to split electrical bills legally
Hello fellow investors I have an electrical question regarding Chicago, IL utilities. After inspection on a 2 unit, non conforming 3rd unit we found that the 3 of the panels currently there have shared fuses meaning t...
Esther Thomas
Need some experienced help here
Hi Everyone, I need help, I don't know where to begin with my questions so I'll start with my top pressing scenarios I need to help resolve. Thanks in advance and feedback is much appreciated! Scenario 1: Roommate no...