Hi, one of my rental house was one of the many significantly impacted by the winter storms in Texas and sustained heavy damage, most of which won't be covered by insurance. I'm facing a significant loss.
I've looked ...
I am taking over a property that already has tenants. One of the units is managed by a property management company. I know I need to honor the lease for the tenant, however, do I need to keep going with the property m...
I have a duplex that has racked up over 8k in water bills and 10k in plumbing issues. I live out of state and relied on this property manager for communication and management. Here are few problems that led to these c...
Is it common or recommended to make improvements on a rental property while it’s rented?I was thinking about adding a garage, while I know it has an ROI from the increased value of the property - is it wise to do that...
Who does their own taxes here? With rental income, rental expenses, etc. I am a 3rd year landlord and I typically have a tax guy who did it for a good price, but he packed up and moved out of state. Debating doing it ...
One of my tenants turned on an abandoned water meter. This has resulted in a huge water bill over 3k. I am upset at my property manager because they should have told the tenants about turning on the utilities. Are the...
If you have standard landlord insurance on your individual properties, and want to put on an umbrella insurance policy, is it better to use a different provider to "diversify" coverage? Potentially if your initial pol...
One of my friend's adult kids is looking to rent my unused guest bedroom as a home office for the next 6 months. How much would you charge per month? Do you have any tips or resources for me to look into? Thanks
Hello All,
I am closing on an 8plex in 3 days. I am going to self manage this property. So my first stint in Property management. The 8plex is 100% occupied. I would love to hear your thoughts on what should I be do...
We should make a separate account for the rental business but is it also recommended to get a separate credit card as well?If so any benefit of a business card over a personal card?If so what kind of payments would yo...