Account Closed
California state legislature approves statewide rent control
So California just approved statewide rent control, capped at 5% year over year rent increases over inflation. Governor Newsom will likely sign it. Not sure about the mechanics of how this works when buying rental pr...
Tom Wayland
Interest Rate Hike
What does it mean for new investors if the Fed raises interest rates?
Simon Luo
Rental property NYC is it worth it?
Hello! Everyone! I live in NYC and you can imagine how hard it is to find a house that can be worth the value. I did found a 2 family house and I crunch the numbers; and I actually have about $15 - $20 cash flow a mon...
Mike D.
What is the best time of year to raise rents?
I have several tenants who are a bit below market rent. They are good tenants who have been there for a few years, but I want to bring them closer to the market rate. I'm thinking October is about the worse possible t...
Daniel Younger
Thoughts on properties in AE Flood zone
Anyone ever considered investing in a commercial property located in a FEMA designated AE Flood zone? I've got an opportunity to invest in one now and I'm not sure I want to take the risk. The seller said the Floor ...
Chuy Gonzalez
Month to Month after a year lease...why?
I was discussing with my PM company about writing new leases for two great tenants this year. The PM company told me they usually go month to month after a year's lease. She said it was easier to raise rents that way....
Victor Fung
USA-NJ Developer going to disrupt business. What to do?
https://imgur.com/a/35tlOBz
Hi, I own a piece of property labeled "My Lot". The area I live in has plans to build a pedestrian walkway on "side street B" which is a small one way street. Recently, a developer has bee...
Josh Farmer
Need to Raise Rent, But How?
So I'm struggling and hopefully I can get some help....
Here is my situation - I closed on a tenant occupied SFH back in April in an up and coming part of town - no tenant contract in place. I was initially concerned...
Brad Hammond
Portland, ORE restricting rent increases till 3/31
I saw on the Oregonian that Portland is now mandating landlords to pay relocating fees if we raise rent from now until 3/31/2021 and tenants can not afford the new rental rate. Tenants must provide a written statemen...
Serge S.
56 unit apartment complex - raising rents and submetering timing
Hello BP Nation - I am happy to report that I will closing on a 56 unit complex this week. I will post more details regarding numbers but the short of it is as follows:
56 unit, class B building in class B ar...