Nahal Beckam
Yearly lease agreement instead of month to month
Hello, I have a prospective tenant that has been qualified to rent my house. They want to stay for two years minimum. I don't want a 2 years contract with them since I'd like to increase the rent after one year and I ...
Bill C.
Should I Install a Keyless System in our Rental
Hello BP,I’m wondering about whether I should install a keyless system on one of our rentals. We have used them on STRs and they’ve worked great.Wondering if they would be a good idea for a traditional rental and if s...
Phillip Joyner Jr
Property Manager Promotion Pay Increase
We are transitioning management of about 90 doors from our home office to one of our local apartment property managers. She is currently managing 104 unit apartment complex. These new doors will obviously be an additi...
Brendan Hula
Estimated Cost - Paving New Roads - Mobile Home Community
Hello BP Community!
We're looking at acquiring a small mobile home community (~70 pads). The roads are currently gravel and I'd like to model in some capex for paving the roads once acquired. Is anyone able to share ...
Timmy Chen
ADU in Baltimore
Hello BP Family!Recently purchased a foreclosure home and I realized the backyard is easily accessible with an separated old garage that will either be rebuilt or torn down. I was thinking about possibly converting it...
Terence Purcell
Renting from yourself
With the recent increases to standard deductions - the taxation benefits of owning your own home have been reduced.Being a landlord continues to be tax effective.I have a family member who is looking to buy for themse...
Edward Hutchinson
EV Chargers in Rentals
Hi everyone,I am brand new to the rental world and am currently saving up to buy my first rental. I know there are a million steps before this question, but has anyone installed EV chargers at their rental properties...
Tyson Hosey
Non-MLS deal, who pays broker commission?
So, I'm purchasing a property from another investor off market, and the agent is representing both sides of the deal. He had a seller who needed a buyer for his property and I came in as a buyer needing a property. Be...
Patrick Butler
Conventional Loans with an LLC
I am getting my lending relationships setup, so that I can do my first Long Term Rental. While talking with a broker, he let me know that if we do a conventional loan, I will need to personally close the loan and the...
Jay Blumhorst
Purchasing Existing STR That Needs Repairs
Hoping for input from experienced STR investors.. I'm closing on a property soon that is currently used as a STR. It needs many repairs and improvements to be up to the standard that I'd prefer. (Carpet, paint, furnit...