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BP community, I'm in need of advice from seasoned STR property managers. I have been in the STR game for about 3 years now. Just recently I acquired another STR, this one out of state from where I live.The property I'...
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Hello BP,
I have been working on finding a property to invest in. I have about $30k for a down payment however I am not able to qualify for a conventional loan because my debt to income ratio is too high when the mor...
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We are closing on our first apartment building! (Only 15 units) but it is in a low income area where not all of the tenants have bank accounts. What is the best way to collect rent without driving to the property ever...
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Hello All. This is my first post so please be kind. I have been thinking about becoming an investor and did research. Memphis is where I want to start this new journey. I have been to TN a few times, and I instantly ...
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I'm currently leasing out my 2 bed/2.5 bath town home in a really nice area to my current tenants for a base rent of $950. I'm assuming they will not resign another lease because this will be the third resign should t...
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We have three nurse/HCP provider MTRs, and have been doing well with this strategy. I rented to 2 CNAs who were a nightmare. They claimed the sturdy bed broke and my husband had to go and repair, then broke a glass in...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Anchorage.
Purchase price: $547,500
Cash invested: $5,000
2020 Year End Update:
After closing on the property, I immedi...
First, the question then a little background.
-Do you sit down with existing tenants after acquiring a property or just send them a letter introducing yourself? If you send a letter how do you perform a mutua...
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OK, here's the scenario.
Found a fantastic deal on a house (for my personal home) priced 55% less by bank than the original purchase price. Now I need to get rid of my current house and/or rent it out before I can ...
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Are You Holding Security Deposits in Separate Accounts?