David Macias
Generating Capital for more RE investments
My wife and I currently own a rental property and a STR. They are both doing great and we are ready to continue to grow. As I am currently employed with a good salary I still have time to do something on the side. I h...
Barry Cohen
Breakdown of repairs from property manager
Hi all. Looking to get some feedback. Is it unreasonable for me to request a breakdown of services and receipts from my property managers contractor when doing a repair. My PM had their contractor do a make ready afte...
Jeff Jenkins
Multi Family Exit Strategy
It seems most lenders are only providing 20-30 year amortized loans with either a 5,7, or 10 year balloon, and most of which have prepayment penalties. What is the exit strategy under these circumstances?
I ...
James G.
For a Duplex does the landlord pay for water, sewer, and trash?
I received a bill for $1,300 from the sewer company, basically all of my cash flow. Is it common practice for the landlord to handle this? The units are not individually metered. Could I charge a set amount per month ...
Daryl Biberston
Do you EVER rent to folks with an eviction? If so why?
Hello BP members. I have a few rental properties. Once every six months or so one becomes available. I re-list on the multiple listing service in my local area and I get dozens and dozens of applicants. My hard an...
David Moore
Pay the Water Bill or Not?
In the town I invest in, the Water Department will send a bill to the tenant, but the understanding is if they don't pay, the owner is responsible. I've noticed most other landlords in my market pay the water bill, r...
Melanie Armstrong
Will the water co install a 2nd meter in a two family home?
Hello BP members. I recently purchased a two family home and I am afraid that the water bill could be an issue. In Cleveland, the water company is allowing tenants to transfer the water bill in the tenants name, Howev...
Ralph Noyes
Handling Deposit Refunds When Tenants Left Unit Less Than Clean
At walk through, fan blades were all caked with dirt, cobwebs and dustbunnies abound, hardwood and tile floors hadn't been swept or mopped, countertops not wiped, exterior of kitchen appliances not cleaned, stove top ...
Account Closed
Possibly my first eviction
Ok my tenant is 1 month late on rent although he gave me $1000 out of the $1500 he owes me yesterday. He has been consistently late for the last 7 months so I decided now is the time to go thru the process. I have b...
Claudia Lewis
SFR rental with solar system
How do you handle your SFR with a solar system? Is it best to sell the tenant a specific amount of kwh for a specific price? I'd be interested to know how others handle this, what works and what doesn't work.