Cody DeLong
Inherting Smoking Tenants and No Security Deposit
Long story short I’m purchasing an 11 unit that currently are all month to month with no security deposits. The current landlord is giving me a great price (cash flows $1400 a month after all expenses, prop mgmt,and %...
Thomas Sulz
Rehab advice (Small Condo)
Hi All, Below is a pic of the inside of a small condo located in Marathon Florida that I am looking to rehab and flip. The property was a hand me down from my parents after a long-term tenant had recently passed away....
Matt Gilroy
Tenant has been smoking inside... can I keep all of the deposit?
Hello BP,I was at my rental house this morning making a repair. The house smells so strongly of cigarettes that I still smell like an ash tray after spending less than 30 minutes inside. The tenant is fully aware th...
Account Closed
Asbestos Siding on Potential Property?
Hello, BP! I found a property that I am considering for a BRRR and have started to research the property more in-depth. The 2 bed, 1 bath (918 sqft) SFR property was build in 1936. Gas heat/baseboard. Window AC units...
Jason L.
Inherited a tenant who was allowed to smoke in the "garage".
I recently purchased a duplex and inherited tenant who was allowed to smoke in the “garage” under her previous landlord. After a few visits in her home it’s obvious that she’s smoking in the house. Her lease is up Dec...
Matt Wray
Old Houses (1920's and 1950's) as Rentals
In the market that I am looking into there are some neighborhoods that appear to cash flow really well. I would describe them as upper lower class areas. A lot of investors in town own rentals in these areas. However,...
Nathan Adams
Most Cost Effective Way to Re-face/Remodel a SMF Ugly Exterior?
I'm closing on a great, cash flowing 5 Plex, and I'm going to be Brrrr-ing. I wanted to ask some more experienced landlords -- What can I do (as cost effectively as possible) to help make the exterior of the building ...
Riley Holt
What to do about my rent house exterior?
So I recently purchased a 2 bed 1 bath sfh that is approximately 720 sf. The siding is decent but there are several areas that need to be replaced and one contractor did say that it at one point had lead paint. It def...
Andrew Burtis
Buying property with a fire in its history
I'm looking into buying my first property, its a townhouse for 145,000. A bi-level two bedroom one bath. My inspection went well with minor things to watch for and repair. The attic was flagged because it was painted,...
Manny Rana
Registering a Rental Property
Hi Everyone,A few months back I closed on a 2-unit in the West Village and now am in the process of registering the property as a rental as renovations are almost complete. I'd like to get some advice/clarification o...