I'm renewing the leases for a duplex that has 2 units: upstairs (3 bedroom, 3 people) and basement (2 bedroom, 2 people + 3 pets). There is one meter for both units. The strategy I have been using as recommended by my...
Hello, I have an existing tenant who wants to break their lease. The lease (I inherited) states they are still responsible for any remaining rent obviously. My initial thought is to ask them to be out by X date and wo...
Hi All,I close on my first 4-unit soon and am looking for tips on what to expect day 1 as a landlord to look like?Do I go door to door and meet the tenants? send a letter?
So I invested into a property without knowledge of its past (1st mistake) I have already had a phase 1 and phase II completed. Apparently there are pollutants in the soil. Does anyone have any experience with this?. I...
Hello,We purchased our first STR and the water heater is not adequate for the amount of people who will be staying in the house all at once. Also it is at the end of its life expectancy. It is a 5 bedroom 2 level hous...
Hi y'all
Recently purchased my first multi-family home last month with my sister and are looking for renters at this time. I am trying to get some information from experienced landlords how they have split up utilit...
Hi,I own a property with 2 cottages on the same electric meter that I pay the bill on. When i renewer the leases I changed it so they would be responsible for their own electric bill (they have been abusing it with sp...
Any ideas are greatly appreciated. Why is it so high (previous months were $140/mo on average, and in last 2 months it jumped almost 6-fold!) What could it be? It's a SFH 3bd/1ba with finished basement. 2 adults and 5...
I listed to many BP podcast and over and over again, I hear them saying that they buy property under a different and NEW LLC and they have another service LLC to rent the unit to "protect" themselves.All the local inv...
I purchased a SFH in Dallas 2 years ago. So far I've made 15% cash on cash return after repairs and vacancy. However, the house has cast iron plumbing and has been having sewer problems ever since I got it. Both toile...