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Hi everyone, I have a rental property in the Bronx, NY and my tenants have been living in there on a month to month basis since December 2021 (original lease started December 2020). I want to increase the rent but the...
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Has anyone out there ever had a successful transition between raising rents SIGNIFICANTLY after buying rental units? I expect in essence to ask some very nice, elderly people to give up their "homes" and would lik...
How does a big casino affect rental properties? Do rents increase? I'm thinking the employees will have to live somewhere close by?
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My husband and I are new owners of a multi unit and my husband wants to put in a permanent BBQ for all of the tenets to use in the common grass area. Would that be a liability for us?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
I have owned, lived in, and managed this property for many years since 2000. It started as 2 SFR and I have increased it to 4. It is...
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Hi All,
Newbie question for you all... I'm looking at a 6-unit right now and I believe there's a value add opportunity as the landlord currently pays about $8k annually in oil and electric. My plan would be to purcha...
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I purchased my first rental property (duplex) not too long ago. The previous owner was charging very low rent on one side. The other side was vacant (cash for keys). I spent a substantial amount of money renovating th...
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This is a very long article pinning landlords and tenants against each other. Anyone who thinks about increasing rents after purchasing properties with under market rents should give it a second thought. How long befo...
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I am looking at a deal, fully renovated duplex in Frogtown, MN. The offer is $115K, 2 unites with 2bedroom/1 bath and rental is $750 per month. The property has been fully renovated. Would you consider buying for ca...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,000
Cash invested: $6,000
We purchased this property as our primary residence. When we moved out of this proper...