Brian Plajer
Determining Purchase Price
Hello, I'm looking at an apartment building that recently hit the market. The calculated purchase price based on actual numbers is significantly less than the calculated purchase price based on the proforma (best case...
Rich Weese
40% loss in net worth in last 3 years
I'm sure many have heard the numbers recently that the median net worth of individuals in the United States has dropped 39% in the last three years. I'm just curious how BP members have fared during the same three-yea...
Brandon Y.
Increase rents to market price.
Located in Boston area, I have two units that are currently under priced and I would like to bring the rent to the market price. The tenants have live for more than 2 years.What is the best approach to the tenants for...
Nick L.
Insane city assessment values!
Just got my re-assessment letters for 2016. Is it me or has the City of Milwaukee gone insane?My LOWEST increase on a multifamily property was 25%. I had one at an 80% increase!!! Most were around 40-60%.Has anyone el...
Account Closed
Umbrella Insurance
Finally found a company ( Nautilus Insurance) that will write me a stand alone umbrella for 1 mil with having about 20 properties. Still debating because the price of 732.00 was a little higher than expected.And still...
Peter Hendriks
2 year lease good or bad
I have a Good tenant in Brevard County Florida. This person pays on time and takes good care of the property. The rents in the area have been going up lately. It's possible to get $1400/month for the unit. The tenant ...
Michael Chalke
Raising rent on a section 8 tenant in Passaic County, NJ
My wife and I purchased a three family in Passaic County, NJ a few years ago. One of the tenants are part of the program ran by the section 8 program in Passaic County. The annual rent increase is limited to 3.5% a ...
Ari Steinman
Property Taxes in FL
Property Taxes is one of the highest recurring charges that we have to pay as landlords/investors.I'm told that in FL even if the taxes were low were a long time due to an old outdated assessment, after you purchase t...
Steven Morgan
Air Rights in the Bronx
I have a 3 family property in the South Bronx and have been approach by a real estate group looking to purchase my air rights. They offered my neighbors and I 100k each for the air rights to our property. Could someon...
Matt Moldenhauer
Deciding what upgrades to make when tenants move out?
How do you generally go about deciding what needs done/replaced? Our current rental house is about 48 years old. It's in pretty good condition, but we're going to paint all of the walls and replace light fixtures. The...