Do I charge myself rent for storage? I am storing equipment in a 40 X 110 foot building on my mixed use commercial property. The building would rent for around $1,500/ month. Do I need to write myself a rent check...
Hi BP,I wanted to hear your take when it comes to charging tenants for utilities. The property is a single family home which I have turned into a duplex by splitting up the top floor and bottom floor by using a lock o...
I refinanced my owner-occupied multifamily rental property last year and now I'm struggling on exactly how to report the closing costs. I have tried researching previous posts and other sources, but I haven't found an...
I have a property where the adu and main house share utilities. adding separate meters isn't an option at this point in time. In the past, I have rented them out with utilities included. When rented out next, is the...
I have a tenant in Maine who refused to leave after her lease expired, and multiple notices were given saying she needed to leave after it expired. I hired a lawyer to handle it, and she was given proper notice. She...
I was looking at one property that the realtor claimed to have a 24% commission to sell. The property was listed under $30,000. There was nothing special (bad or good) about the property. Just another average lot with...
I am currently charging 2,000 for my four-bedroom apartment. I normally have four tenants. If a family of seven wants to rent, can I increase the rent to offset the included water/sewer, included electric and wear and...
I had someone ask me how much property managers charge in southern California. Since I don't offer property management services, nor have I dealt with any property managers for a long time, I wanted to ask if any of y...
So as a real estate professional I am always wondering what makes a good property manager? Where do most fail? What is 1 total turn off from a property owner's stand point when it comes to a PM? (I'm based out of Ci...
I have worked with different property management companies. They are charging 7% and 10% of vender invoices. Do you ask the property manager to also provide the invoice that they receive from the vender? Mine currentl...