Maria Crenshaw
Advice on compensation for tenant
I am a relatively new landlord and would like an opinion from the experts. I purchased my first rental property 3 years ago, a 32 year old condo. The first tenant lived there one year with only two legitimate complain...
Jordan Krasner
Rental Property - CAPEX & Cashflow
hey guys, quick question
when calculating the cash flow or the COC % on a rental property, how does budgeting for CAPEX get factored in?
say i know in 5 years ill have to do the roof and it's going to cost me 15k...
Ehab Shoukry
Quickbooks tax questions
Hi all -I'm quickly getting more comfortable with quickbooks but as I get better I want to continue to learn more. Currently I'm entering my mortgage payments into three accounts: principal, interest, and escrow. I'...
J Scott
Primer - Estimating ARV
I've seen a couple threads over the past week where the OP has questioned how to find comps and estimate ARV. Marty Boardman and I discussed this topic a bit at the BP Summit last month, and I also put together a qui...
Danny Jimenez
Tenant / Owner Expenses Split?
Hello all! For anyone in the Cleveland Ohio area, what typically is normal in that area in terms of who pays the water/sewer, electricity, gas, & garbage?Looking at small multifamily deals in the area and was curi...
Geoffrey O'Brian
Curious 1031 Exchange Question about Basis & Depreciation
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Jimmy Lynn
Balancing Time and Budget: Tips for Efficient Property Renovations
This is an interesting topic. There's more to it but I think this hit's some highlights and raises good questions. Plan and Research Thoroughly: Start by creating a detailed plan that outlines the scope of work, desir...
Mark Rhea
Deductions on Improvements Before Officially Renting
We moved out of our primary residence in Tennessee and relocated to South Carolina in July of 2016. We have spent about 7 months getting the home ready to become our first rental property. It has taken that long due t...
Joseph Quarto
Better to do a Refi or a LOC?
Hi,This question just came up. On a building we have with lots of Equity (balance mortgage is $56k)I am looking to free up some cash ($250-300k) for a future 2016 purchase, but wanting to get all approved now. Shoul...
Rick Wade
Security Camera’s without WiFi
What are you all using for security on your vacant properties without Wi-Fi or in some cases, no electricity? I have been looking around and it seems the options are very limited?
Thanks
Rick