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When doing rental property calculators and writing a budget for monthly expenses there is the 50% rule that says expenses should be half of the monthly income, but is that true in all cases? Utilities can vary widely ...
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We are a retired couple, empty nesters, living in New Jersey. In February 2023 we received an outrageously large quarterly water and sewer bill from our municipal water utilit...
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Hello, I purchased a piece of vacant land in LA county through tax sale. It's been more than a year and I have been trying to sell it. SO far I tried landmodo.com, Land.com, Landcentury.com They all seem not work well...
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Hello BP,My spouse and I bought a single family home with an ADU last year. We lived in the ADU and rented out the main home. So we were able to have a pretty great relationship with our tenants and really be on top o...
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Hi all,I'm curious what more seasoned investors might think about this unit. I've been trying to find a good rental property to invest in for a while now and finally found one that I generally like - it's a fourplex, ...
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Hello,I'm in a small dilemma and not sure what to do, so I thought I'd reach out to the BP landlords. Newly purchased property has a small coin laundry room that's shared between 3 units. I assumed the gas was being p...
Hello BP I had a question for y’all. What utilities should a land lord be responsible for paying and what utilities should a tenant pay? If you own any rental properties and have examples of how you charge a tenant pl...
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I just closed on a house with a master suite that I'm planning to rent out. The suite is a fully permitted converted garage (this was done decades ago) with a permitted utility room, and separate door to backyard. I'm...
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I bought my condo cheap. It was a foreclosure and I paid cash. There was no HOA fees. However my closing documents showed an active HOA. I was not present at the closing but gave a power of attorney to my agent/lawyer...