Spencer Wetmore
Need advice on how to increase rent!!
Hi BP Community,I am a new landlord and I need hep!I purchased my first fourplex about 3 months ago. I inherited one long-standing tenant who was (and still is) paying well under market rent - probably $250 under mark...
Anthony Gayden
Pros and Cons of Cash Value and Replacement Cost Insurance
I am in the process of buying my sixth investment property. All of my other properties I have insurance coverage for replacement cost, but on this property I am considering getting only cash value coverage. What is ge...
Steven Whipple
Insurance to replace rental income
I'm getting quotes for our first investment property. All of the quotes are including rental income replacement. What are you all doing?
James Gross
Landlord wants to sue me for a lost garage opener key
My landlord stated he will take me to court for the cost of a replacement garage system, due to a lost remote key. He stated it is for safety purposes. I offered to contact the manufacturer of the current system to pa...
Mike H.
Suggestions when tenant lost a key during lease?
Have received a notification that one of two tenants has lost her key "when key-chain broke last night". Just want to scratch everyone's brain a little to see how you had deal with this in the past. I am thinking t...
Daria B.
Sold SFR w/depreciable asset - only 6 of 27 yrs in....
Hi,I recently ( yesterday :-} ) sold my rental unit (doing a 1031x). I owned the unit for many years and the units depreciation itself was already nearing the end of the depreciation. However, the flooring was just in...
John Jacobs
Actual Cash Value versus Full Repair Cost
I am going to be lending to an investor on a single family home. There will be renovation of the home that is $82,500 worth of renovation. The Homeowners Insurance will include Builder's Risk. During this renovation...
Dean Valadez
Tenant Turnover Q's: timeframe and cost expectations
Hello,I have been hearing on BP podcasts that tenant turnovers can equal about $6000-8000 (one host even said up to $10k, if I recall correctly) when lost rent and repair/upgrade costs are factored together. That seem...
CJ B.
Broken Fridge Scenario
Just wanted to throw this one out there. I currently have a scenario where my tenant has called due to a broken fridge in rental. I am responsible for the appliance, but she's wanting a reimbursement on the lost food ...
Wang Windy
Should I replace or repair the roofs after the hurricanes
Hello BP community,I have bought 2 houses LTR in the Savannah GA area this year, specifically in Ellabell. One of them (house B) just closed less than a month ago. As Hurricane Helena went by, both of the roofs got da...