David G.
I'm having issues telling a tenant to remove their bike from the laundry room
Hi all. How do I deal with this tenant? They live on the first floor of a small ten-unit building. You have to walk up several steps from the ground floor to get there. The laundry room is on ground floor. The laund...
Jeremy Anan
Tenant Planting Incense sticks in the hallway of the Building
Hello BP, I have a tenant in a 7-unit building planting Incense sticks in the hallway (by the stairs). The damage is obvious on the picture. I was able to find out the offender and asked her to stop. Just wondering ho...
Alberto C.
Renting a room in my house: deductions and offsetting income
I have bought a house. I rent 3 rooms out of 4 (I am resident there and I live in the 4th room). I read all the IRS Publication 527 (Residential Rental Property) but I am still confused since I don't see my exact case...
Matthew Cervoni
Tuesday Tip: Know What Is Deductible
Hello BP! Don't forget to be tracking your tax deductions throughout the year. To be deductible, a business expense must be both ordinary and necessary. Ordinary meaning it is common and accepted in your industry, and...
Ryan Shekell
Card or Coin operated laundry
I'm looking into adding laundry to a PadSplit home with 3 bedrooms. I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay fo...
Manuel Sarabia
About to buy a rehab with a brand spanking new AC unit. How to protect it from vandals?
This property I'm buying is a bit weird. As common with most homes in my area, the condenser unit sits outside in the back of the house but the furnace is also outside right next to it. Everything is exposed and is as...
Account Closed
The Best Real Estate Investments You Should Consider
When most people think of real estate investing the first thing that comes to mind is HGTV and flipping houses. The truth is that this is only one small niche within the real estate investing industry. There are numer...
Steven C.
Chicago costs for House Flipping Spreadsheet
Hello, I am midway done through my first gut rehab and flip in Chicago. The costs were super cheap partly because of COVID and partly because most laborers came in as personal favors from a friend.I recently purchased...
Lois Ginter
Lease Agreements for Month to Month Low Income Tenants
I have been reading a lot here about what to include in lease agreements, and like the idea of setting expectations up front to tenants and exercising consistency with the rules. I also believe that having a comprehe...
Winnie Cheng
Thoughts about Pitman NJ (Gloucester County) Market
Any insights on Pitman NJ market? Is it worth investing into? Fix and Flip or Buy and Hold?