Shannon Brill
Use Ratio Utility Billing System for gas??
Hello BP! I currently own a duplex and have a question regarding using RUBS for gas usage. RUBS is already in place for water, but here's the issue with gas -- both units use gas heat (equal sqft), however only one ...
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Demolition Costs?
I'm bidding on a house in Chicago that will have to be torn down prior to rebuilding. It's a 2-story 100 yr. old frame house with slab basement. Approx. 1200 sf (not incl. basement). Nothing in the house, except fo...
Jared Viernes
Removal of Appliances / Cars
Forgive me if there is a discussion about this topic already but I did some searching and was unable to find anything.What does one do when there is junk left in and around a house you purchase that has potential valu...
Nam Hoang
Weird Protrusions in Old Brick Siding
Does anyone have any idea what these black marks/protrusions are in this brick siding? image here: https://ibb.co/7zG7dxx
Jonathan Lilly
Business Partnership Financing
A friend and I are looking to begin a rental property investment partnership. We have in excess of the 20% down payment for the loan between the two of us. I have spoken with a few banks regarding the financing of pro...
Todd Bullinger
Lease option creits
I have a property that I'm looking at doing a lease option with. My question involves the monthly rent credit.
Monthly rent = $575
Rent credit = $150
Total monthly payment = $725
Agreed sales price = $62000
Initial ...
David Moore
Pay the Water Bill or Not?
In the town I invest in, the Water Department will send a bill to the tenant, but the understanding is if they don't pay, the owner is responsible. I've noticed most other landlords in my market pay the water bill, r...
Bill Tereschuk
Travel expenses for out of country investor
I am a Canadian, and have already established a LLC in Nevada and I would like to get some advice as to how I should claim my travel expenses to and from Canada-Nevada. I have been told that I can only claim the actu...
Matt Wassum
Virginia insurance lapsed on rental / commercial properties owned outright
Does anyone have suggestions for who would write a policy for me given I have let them lapse a long time ago? I am actually in Southwest Virginia, close to Tennessee. Thanks!Matt
Bryan N.
Evaluating and documenting security deposit charges
I'm curious how other landlords handle this. After a move out walk through is completed with or without the tenant, how do you: 1) Evaluate what to charge them for? How about if you do the work yourself?2) What not ...