Hello BP,I guess I should have read the blog on how to introduce yourself before I go posting away. My name is Rob. I am a structural engineer living in Vancouver, Wa. My business partners and I have been spending tha...

I'm looking at a multifamily building: about 100 years old, 6 units plus 2 long-term businesses, 4 of the units recently renovated, ~$700K to buy, $92K potential income. The proforma shows $1,200/yr maintenance (along...

I am thinking about purchasing a property that already has a tenant. I have a couple of questions.

How would i get a copy of the current lease?

Would i get the security deposit from the current landlord...

Investment Info:Single-family residence other investment.
Purchase price: $102,300 Cash invested: $1Subject to existing financing deal. $0 of my own money invested. The seller was behind 4 months on his mortga...

Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...

A good client of mine asked me to manage his small commercial retail strip. I haven't had a property to manage like this before so my main question is how is the rental income handled? Does the tenant pay my compan...

I bought a property in March 2014 (normal closing here in NC - via attorney).  Today, I get an overdue notice from the County for some transfer taxes in 2013 (i.e. way before I owned it). Of course, the county takes t...

Any suggestions on a finacial app for my short term rentals?  We used to use Stessa but my bank no longer links to them. ☹️

Hey BP! I'm currently mid-way through my first rehab, planning on building a scale-able business and turning over at least 5 properties next year.Up until now my Chart of Accounts in Quick Books has been set up to han...

How long after tenants move out do late fees continue to accrue? Is there a cut off? I'd imagine it doesn't run indefinitely. State of Texas. Thanks.