James Nix
Water Damage from Rain
Hi Everyone,Sorry for the blurry pics but this is pics of a 2nd floor unit bathroom of a duplex I own. Just wanted thoughts on what you think this could be? Also should I call a roofer or plumber to handle this proble...
Johann Jells
Has anyone included internet service, and how did you do it?
I'm curious if it can be attractive to offer cheaper broadband than individuals can get by getting a higher bandwidth line for my 6 family. Does anyone know about the economics of this, and technicalities of privacy? ...
Precious Thompson
Negotating Rent Prices
Is it common for a landlord to negotiate the cost of rent to a tenant , For example say if a landlord has a property on the market for $700 and the tenant asks can the rent be reduced to $650 will a landlord consider ...
Sam Abe
Charge based on number of Occupants
Is it legal to charge based on number of occupants. We would like to charge 10% per adult or 10% for 2 kids if the kids are below the age of 18. Would stating something like this be illegal.
We have priced th...
Account Closed
Know Your Rental Expenses to Ensure Healthy Cash Flow - Article
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Bryan S.
Pool Heater Optimization
Hi All!Does anyone have any experience with optimizing a pool heater? Typically in Florida, it stays warm enough the pool heater has been able to do its thing. But since this week has dropped to the low 40’s at night,...
Jeff Oberts
Lake house / Cabin short term rental
Hi guys! I currently have a lake house under contract in Wisconsin that we will use as a short term rental when my family is not there. Does anyone have a lake house / cabin short term rental, and if so, care to sha...
Cynthia Hanke
made offer on first multi unit..... THEN FOUND OUT A DEAL BREAKER
Made a full price offer on a 4 plex, contingent on inspection. Asked for and was given (a few days later) the owners 2014 & 2015 tax returns. The agent is a dual agent, he listed and contacted me about the listing...
Tosin Oluwatoye
Switching utility bills to tenant upon new purchase.
I am currently considering a 10 unit (5 duplexes) purchase where the current landlord is responsible for all utility bills and does not have a cap on usage written into any of the leases. Fortunately all 10 units hav...
Mike Snyder
Recommendations for an REI competent CPA?
There is a great discussion on BP about LLC usage and caveats for REI properties here which highlighted the need for competent CPA who understands these waters. This may seem self-evident but can I get some feedback f...