Matthew Irish-Jones
Why your BRRR is going to lose money
Top ten reasons you will lose money on your first BRRRR. This list has been pulled directly from the school of hard knocksGenerally speaking and based on NY building code1. You think the cheapest house has the most m...
Rong Liu
Anybody uses OneRent Property Management (bay area)
I just received a phone call from OneRent after I post my rental ads. This property management company says they charge for 5% and rent is guaranteed due on the first of the month. I read review from yelp and it sound...
Carolyn Guertin
Beware of Cozy, the Landlord Site
I thought I'd try Cozy.co this time around after hearing recommendations from others on Bigger Pockets. It was a big mistake. Their application process was fine and their screening reports good. It's their money handl...
Alex Kehaya
Why not low ball when you know the seller is motivated?
I've done a few BRRR investments and my strategy is to buy at 75% of the AVR including closing costs and repairs. I'm looking at a deal where the seller is motivated due to a 1031 exchange. I told my agent I wanted to...
Sean Delagrange
Company/LLC Name ideas
Hey Everyone,Quick question I’d love some advice on. Just bought my first rental property and I’m going to form an LLC and move it over to that ownership. The goal is to purchase more properties over the years mainly ...
Andrey Y.
Significant Net "Losses" on Taxes despite Positive Cash Flow
I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
Brad Larsen
What To Do When Landlords Refuse to Lower Their Asking Price
Hello All - here is a good topic for discussion. In our business as a property management company, we have decided to take a hard look at a new policy of what to do with Landlords who refuse to lower the rental askin...
Nathan Gesner
When is it OK to talk about money?
In 2005 my oldest brother asked me how my house sale was going. I mentioned it went under contract in three days and we were making $125,000 profit. I was in the military and would be considered lower middle-income at...
Nat C.
How to handle a contractor mistake
Guys, please help me out with your opinion.I ordered tiles and had them delivered to the property. I specifically told the contractor in writing, what tiles were to go on the bathroom floor and walls.Today he sent me ...
Jeff Warner
Do it yourself "Yellow Letter" - A how to guide!
First off I'll start with my disclaimer:
This is MY version of a "Do it yourself" yellow letter. I know there are other ways to do it and companies that you can pay that will d...