Angela Mehri
Need advise should I get a lawyer on contractor threat
Hello BP, I hired a contractor for tile & tub installation in my 2 bathrooms. It was part of a water damage claim so the insurance company is involved. The initial proposal I got from the contractor was $7000 doll...
Henry Polanco
How do I properly estimate rehab costs?
Hi all, I'm looking into getting into flips in Philly. My biggest hurdle is estimating rehab costs. What information should I use to get a close estimate for my materials and labor?I read that using x dollars per squ...
Justin Klein
Accounting - Income Statement Question
Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out. I have one asset (single family home). I do not use any accounting software at the moment as it is just one unit. It ...
Tyler Kivland
Newbie looking for some insight and wisdom on clutter
I recently purchased a duplex on a fairly nice street and inherited the tenants from the previous owner. One of those tenants experienced some difficulty from an insurance scam and lost his home of 15 years as a resul...
Doug Saylor
Is this Informal Offer Language a good starting place in Texas?
We've agreed verbally but are meeting this afternoon to sign the offer. I'm gleaning this from DeCima's book. McLennan CAD Property ID:xxxLegal Description (partial):xxx Block 3 Lot 4B 5 Acres 0.2083 ADDRESS: 2222 xx...
Jay Miller
Out of State Investor - Need Advice
Hi BP - I currently live in Chicago and am relatively new to investing in RE (one flip, one MF - both in Chicago). My mom bought a plot of land in Poinciana years ago and has been sitting on it. I keep getting offers ...
Diana Mulvihill
Platform for letting guests book add-ons directly
Hi All ~ In a recent episode of Real Estate Rookie, Tony + Ashley referenced a platform that you can link to your hosting platform that will allow guests to book add-ons directly; they were advising someone who wanted...
Javier Rosales
Financial terms with contractors
How I pay my contractors? Do I have the PML fund escrow, and have escrow cut the check for the amount needed?
Lee Davis
Tax deductions on vacation vs long term?
I'm curious what differences there are in accumulated depreciation deductions in vacation rentals from long-term. Can you depreciate the value of the appliances and furnishings typically? Do you find overall that the...
Jorge Vazquez
Stuff behind after being evicted
I've been dealing with a situation in Florida where tenants leave their stuff behind after being evicted, and it got me thinking about how we, as landlords, handle this. The law here gives us some directions, like dum...