Closed on it today, it's a 2 bed 1 bath in Portsmouth, VA. Purchased it for $30,000, after closing costs it was $31,650.15. Planning on placing a tenant buyer in there for $975 a month. Taxes and insurance will set me...

I'm not a professional landlord but we have a condo in LA that we rented out b/c we moved states due to a job. We've rented for 3 years with zero issues. 7 months ago we rented to a girl named Sandi and another girl n...

I saw @james wise thread on the fires in general but here are some other thoughts now that this has grown , I think it's important and very interesting...a) What will happen with CA insurance? They already lost some m...

Intro…Keeping with the spirit of @J Scott 's  “Diary of a New Construction Project” where we jumped into a HUGE project that we never really had done before, “Tear a house down and build a new one back”. This adventu...

Hi all, having a serious situation here at a 3 family property I own.

It's a 3 family property. A few months back, the 3rd floor tenant stopped paying rent. Evicted him. Cost a couple grand to do, but got rid...

Just got a call from a tenant parent and the January electric heat bill was $1100.  In past years the highest it went was $800.   The heat is all electric baseboard with one room with under floor heating on slab and o...

We sold our largest self storage location. See separate post.  Wanting to reinvest back into the market so we do t lose out to inflation. Part of the funds we are closing on a five acre future Storage location.  Will ...

First off, I'm new to the BP community and I just wanted to say and give a slight intro about myself.  My wife and I have been landlords for 16 years and now have three properties simply because we just converted our ...

If everything goes well then our worst tenant ever will be moved-out in just under 12 hours from now, the champagne is on ice and we are cautiously optimistic. Interestedly enough, the problems with this tenant have v...

Hi all,First-time homeowner (duplex) with first-time problems. Looking for advice on either heating or tenant-relations.I bought an up-down duplex in Minnesota in March of this year and moved into one unit, renting th...