First timer here! take it easy on me.
I have 4 tenants paying well below fair market rent. Current rents are 1300/1100/1100/1150. Fair market is 1800. My state laws do not put a limit on increase amount or frequen...
I just got an email that my homeowners insurance will be increasing from $1,067 to $1,447 for the year. I'm deciding if I should shop around or does this seem pretty inline with other companies?
The standard for raising rent varies depending on local laws, regulations, and rental agreements. However, there are some general guidelines and considerations that landlords typically follow:Check local laws: Diffe...
just bought a property, inherited a tenant. very nice property, side by side. 1bd 1ba. she has been there for over 10+ years, maybe 15. she pays $475. the lowest rent surrounding is $775. I want $850. mortgage is $1,2...
Not sure this is the correct forum for this type of question but I have three questions:1. What defines a real estate market? Is it defined by the prices of houses sold? Is it the assessed value of the houses collecti...
Hi BP! I'm looking to purchase a commercial multifamily property on the south side of Chicago, buying cash for $100k with a HELOC. The property is in good condition, cash-flowing..fully occupied. Buying this low with ...
Dear all,
This is my first rental, so relatively a newbie here. A duplex in Jacksonville in a C-class neighborhood. Rentals in that neighborhood average $450 - $630 for similar 2-bedrooms. When I purchased the proper...
Hello all,
I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a ...
I am looking for my first deal. I have found a property I really like, but rents are significantly below market. I have heard that once the lease is up I can only raise rents 10%, but I cannot find this anywhere. D...
We have a traditional loan recently refinanced.The mortgage is greater than the market value.What steps can we take to reverse this order?