Jasmine H.
Applicant doesn't want to provide social security number
I have two applicants (they are friends) who want to move in with a nanny for one of the applicant's child. They love the place and we like them and think it will be a good fit. The issue is they don't feel comfort...
Account Closed
Keeping Up With the Millennials- How Landlords Can Stay Relevant.
Just this year, Bill Nye the Science Guy made a bold statement saying that the “greatest generation” has arrived. But have you heard of them? At 75.4 million strong, they are now the largest living generation in the U...
Michael Calderaro
Common Area Laundry Rooms - problems or amenity?
First, why did I post this blog in this forum? Because gentle readers, a laundry vendor is a commercial tenant. And the reason they are commercial tenants is because if you signed a contract, as it is called, it re...
Alain Perez-Majul
What is an ideal vacancy rate??
Wanted to see what everyone thought about this. What is a healthy and ideal vacancy rate? There's a fine line between too low and uncomfortably high; if it's too low, you're more than likely leasing for under-market a...
Adam Silverman
Lowest acceptable preferred return?
This is an open-ended question given the differing types of markets and diversity of assets.If you’re raising money from a pool of investors, what is the lowest cash-on-cash acceptable preferred of return that would b...
Aaron Freeman
Questions about Offers/Contracts
Embarrassing question time!I am embarrassed to say I have purchased 3 primary residences in my life, and don't have a clue how my agent handled offers. 1) When reading about the BRRRR strategy it seems that it's com...
Kishan Patel
Using Venmo to collect Rent
Hello all,I have recently become a landlord and was approached by one of the tenants who was asking whether it would be feasible to pay rent through venmo as they had done previously. My question is if I were to colle...
Cheyenne Davis
Rehab - Contractor Nightmare
The company I work with just made a big rehabbing mistake and I figured I'd share, since it seems like it could happen to any of us. Here's a brief summary:
Closed on a house to rehab, signed a contract with a guy wh...
Cristian Aviles-Morales
[Calc Review] Help me analyze this deal
Hi BP,I have found a Condo that I am analyzing. But maybe I'm using the calculator wrong? The listing price they want for it is $180,000. If they're willing and accept my offer of $150,000, I'll have a cash flowing pr...
Mila F.
Business vs People dilemma - what would you do?
Would you guys agree to extend tenants' lease by six weeks (until early July), knowing this makes you miss the peak rental season in this specific area? And knowing that in this case you'd be marketing your property a...