Carlo Michelotti
W-9s & 1099s: How do I pay contractors "under the table"?
I've have guys doing rehab work without a contract, and I pay them with checks out of a business account. They're licensed, but this is "side-work" for them. They do good work and don't charge a lot, so I thought ever...
Jack B.
Tenant said he'd be naked when I'm doing tours for new tenants
They gave notice of move out end of March. I've had two showings in about 1.5 weeks. Usually I do an open house in summers but it's slim pickings and waiting for enough people to justify an open house is not feasible,...
David Bowles
New purchase, current tenant is not current on rent
Hi Guys! I recently had a seller (another investor) agree to a 45k purchase price (cash) on a house with ARV of 60k. The house had a full gut rehab 4 years ago when this investor bought it. The current tenant is “all ...
Nick Doria
Looking for the must haves when Creating Landlord policies.
Working on creating my policies for becoming a landlord in Chicago, IL before i buy my first building because of the highly ambitious goal of having 1000 rental units by the time I'm 40 (which will be in 13 years from...
Amy Zemser
Brian Page's Airbnb formula
I was wondering if anyone has tried or heard of Brian's Page's Airbnb formula for signing leases on rental units and then using the apartments as a full-time Airbnb model. I've been an Airbnb host for some time, and I...
JR Rivas
Avoid single family as a new investor?
Hey all!
I’m a relatively new investor & I was talking to some buddies and they basically told me to avoid single family like the plague because if one person leaves you’re at 100% vacancy.
What do you guys thin...
Mike McKinzie
Dear Property Management Companies....
and Property Managers in general,Just about no one on Bigger Pockets is as big a defender of Property Managers as I am. While some folks are great DYI people and can manage their own properties well, I am a firm beli...
Henry Lazerow
The new NAR rules have actually made buyer agent commissions go up not down
Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings tha...
Henry Clark
Self Storage- beyond. Silver Lake Subdivision
We sold our largest self storage location. See separate post. Wanting to reinvest back into the market so we do t lose out to inflation. Part of the funds we are closing on a five acre future Storage location. Will ...
Clint Harris
I'm selling my long term rentals and buying beach property
Long post, but I really wish someone had told me this when I was struggling to buy single family homes.Hey y'all, wanted to share what I’ve learned in the past year. I took a promotion with my medical sales job, and ...