Marci Stein
Whose responsibility to empty septic?
I know I messed up by not addressing this issue in the lease.For those of you who rent out homes with septics, do you have the tenant pay for emptying it or do you pay?Will it be too late to add it to the lease upon r...
West Kite
be property manager
I am planning to manage my own property using knowledge learned from BiggerPockets.What is the process to let the current property manager/company know when the current contract ends in a couple of months?basically, t...
Mike J.
Assumptions and calculations for selling vs. renting out
Warning: the below is a lengthy, generalized hypothetical. The questions are about calculations of average (yes, "average" is a very dangerous word because most years are far from average) returns on rental properties...
Jason Hanson
Getting started with property managing
I am just getting started managing 7 units. What sites/software does anyone recomentd to collect rent, anyone have like a template of an excell sheet I can use to get organized? I feel like I'm kinda chasing my tail h...
Robert Andersen
How do you find good tenants in Chicago?
Recently posted a 3 bedroom completely renovated apartment on Zillow, Craigslist, Domu and Apartments.com. The apartment is in a good area of Chicago.I've gotten nothing but awful applicants despite being very clear i...
Jake E.
Considering FL RE License - What fees/expenses should I expect?
Hello!I've been interested in real estate for some time, specifically for investing and potential new career (full or part time). I've read other posts here discussing the pros/cons to having your own license as an in...
Matt Polinchak
Bought my 1st Rental Property!
Investment Info:
Single-family residence buy & hold investment in Raleigh.
Purchase price: $194,000
Cash invested: $27,500
I bought this property as a buy and hold investment. What I like about i...
Joe Doman
Auto pay
Hi all, I just had a tenant request to set up automatic rent payments so he does not have to deal with writing checks every month. This is the first time anyone requested this and i dont have any idea how to set it up...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Brandon Cooper
50% rule
Does the 50% rule apply to everyone? The reason I ask is I have notice numerous people pay for utilities for their property when renting it out. Here in California this is not common as the renters themselves are resp...