Rich Hupper
Mortgaged property and fire
I do not have experience with this topic and looking to understand the ins and outs. If you buy a rental property with a mortgage and there is a significant amount of damage to the property due to fire so that no unit...
Liam McGoldrick
Insuring away capex to reduce cashflow fluctuations
Hello all,
I am currently in the process of acquiring a rental property, and hope to have one within the next 6 months. With this, I have been thinking a lot about costs, especially capex. Costs that come up unexpe...
Sydney Scherer
Damage from Tenant’s dog
I am new to being a landlord. My tenant’s dog has ripped the linoleum flooring in the kitchen. She has volunteered to replace it, however it already had a bit of previous damage from repairmen who came to work on the ...
Jess White
Should I include the washer and dryer in my SFR?
Should this be purchased by me the landlord, or should the tenant be the one to bring in their own W & D if they choose?
A little reference on the property. It’s a new construction SFR and will rent for $1650.
Bienes Raices
Polybutylene pipe in REO
I just found out the REO my offer was accepted on has this piping. Is this something I should walk away from? I don't suppose there's any hope of getting the bank to pay for repiping. Thanks.
Chris M.
Renegotiating after home inspection
I am under contract for a small 750sq ft condo. The only issue was that the AC was about 10 years old, and the temperature differential was 15 degrees. I guess this isn't the worst thing in the world, but the inspec...
Scott Wang
How do you handle window treatments in rentals?
Window treatments such as blinds and curtains. Do you include them with the rental or do your tenants provide their own?My experience so far has been to renovate-then-rent so I haven't included things like blinds and...
Vinay M.
Cost of Capex items in midwest?
Hi everybodyI am new to real estate and am thinking of purchasing turnkey homes out of state.Specifically, I live in NY and want to buy in KCMO and Indy.I have been evaluating several TK houses in the $50k to $60k ran...
Brendan Seals
HVAC and water heater is out of warranty
So, this 3 bed room, 900 square feet, home I am planning on buying HVAC and water heater is out of warranty. I believe the Hvac is 23 years old and the water heater is 15 or more (as I remembered). The seller wanted 7...
Mike Russo
Who Pays - Tenant or Landlord?
Hi all,I am trying to hammer out the repairs and replacements a tenant is responsible to pay for as well as my responsibilities as the home owner. I have been reading on BP and the answers are all over the map. Will y...