Do you ever let good tenants (keep units in good shape, get along with people etc) fall behind in rent without doing evictions when you have many units?  For instance the cost of a turnover usually is a few thousand, ...

I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

My previous tenants who left in March, 2023 violated lease on multiple occasions. Biggest issue is that they kept 2 dogs without notifying me who seem to be peeing in the house for a long time. Loft and stairs have th...

Hello BP,It's always fun posting stuff on here and hearing what everyone has say, but i'm afraid this post isn't quite as pleasant.  Nonetheless i'm sure there are lessons to be had here and I would greatly appreciate...

Hello - I'm looking to start my short term rental business and am considering buying a property in Ocean City MD. It's a 2 bed 2 bath condo, beach front in midtown. In doing some 3rd Party research through sites like ...

Hi BP! I wanted to share my rookie mistake. We have purchased two SFH with inherited tenants. The first was in February and the second this past month. While we were closing on the second rental, we did a new lease fo...

Hey Everyone,Just closed on my first flip in Maryland. The seller smoked heavily in the property, house is 1250 sq ft and is a rancher style. I was thinking we needed to remove carpet, scrub walls, and then prime, but...

Hello everyone!I'm still in the research stage of my first investment in the U.S. I'm currently researching the Colorado market. It is appealing to me because it seems like a great place to visit a few times a year an...

Hi guys. My name is Matt and currently my wife and I have been living at the same apartment in Chicago for 3 years -- never late on rent. Long story short: My landlord raised the rent by $40 year two and $60 year thre...

I'd like to get feedback from the forum as to this situation and how I've answered her.....I have a potential renter that has gone through the background check successfully, and I've talked to her previous landlords a...