Michael Guzik
When do you give a deposit back?
Hey guys and gals I have a quick but important question. When do you give a renter their deposit back? What criteria must they meet or what do you look at before giving it to them? I'm currently wondering what to tell...
Mike Gordon
Discouraging frivolous tenant requests?
I have a tenant who has been steadily putting in requests for maintenance for issues that don't affect the overall condition of the home. Some examples are a slow drip from a shower, a closet door that lost some trim,...
Arnav Mehta
Tenant requesting too many repairs on a new property
Hello everyone,I have recently bought a property in Spring, Texas and tenants have been in the property for 2 months now. Prior to purchasing I conducted a inspection and the seller fixed everything necessary. I hired...
Nicole Heasley Beitenman
What are the "rules of thumb" for self-storage
I may have an opportunity to aquire a small self-storage company with about 32 units. I know all the rules of thumb for residential real estate--the 1 or 2% rules for cash flow; the 50% rule for expenses; 5-10% for va...
Jordan Moorhead
Single Family Rental in Louisville
Investment Info:
Single-family residence buy & hold investment in Louisville.
Purchase price: $85,000
Cash invested: $90,000
Contributors:
Steve Moorhead
We bought this after losi...
Darius Lipsey
Lower offer price or ask to make repairs?
Hey BP,
I’m in the inspection period of my first deal. A duplex with intent to owner occupy. I’ve already gotten the whole home inspection which revealed some things I was expecting (roof with only a few good years l...
Steve TeRonde
Buying multi-family in a high crime area...
I've been watching a higher crime area near me. The listing prices of the properties are very low based on the rental rates for the area. Have any of you bought in high crime areas? How did it work out for...
Chase Gochnauer
Commercial/Multifamily returns
I've been looking all over the place locally here. Everywhere seems to have a bait and switch return. Is this normal?Example:Price: $2.25milCap Rate: 7.3%Seems solid enough, but when I get actual detailsActual NOI: $1...
Hark Tukay
Broken Lease, damage and security deposits
Our tenants of 7 years are moving out next. They have asked to break the lease with 11 months remaining. When I went over to prepare for a showing I noticed there was water damage on the ceiling and a bunch of tiles a...
Clare Yuritch
Boiler repair or replacement …
We have a 32 year old boiler for a radiator heat system in the house. We found that the auto gill with backflow preventer piece was broken upon turning it in this year, so tank is not filling properly. The cost of ins...