Miller McSwain
STR/MTR Rate Estimate from LTR Rent Rate
Are there any ROUGH rules of thumb for determining a STR or Mid-Term Rental from a Long-Term Rental rate?For example, if I know a property can rent long-term for $1500/month, can I do x2 ($3000/month) for MTR and x3 (...
Dwayne Johnson
Closing cost...
Hello Bigger Pockets family. I'm wondering if anyone could help me out? My question is what area the closing cost when I assign a contract to my cash buyer and they close with an attorney? Also whats the closing cost ...
Carlos Webel
Contract renewal fees for realtors in Florida
Hi all,I have a rental property (Condo) in Miami, FL. I was extremely happy with the work done by my realtor listing the property and getting me good tenants quick at the price I was looking for back in 2013. The tena...
Joe P.
Initial Rent & Deposit?
Hi all,I just purchased a property in Gloucester City; its a duplex with one unit rented, and another vacant. I've been trying to get tenants in with not much luck so far, and I had one prospective tenant say that my ...
Robin Evans
Tough situation of veteran tenant being late on rent
Dear BP freinds we are now facing a tough situation of collecting rent. One tenant has been paying rent via auto pay on a platform we have agreed on. Somehow this month's rent first got deposited into our account and...
Jack B.
Giving tenants a move out checklist
I've noticed there are roughly three things that are a common issue when tenants move out. As such today I started sending emails about these items to tenants, starting with the tenant I have moving out now.Carpet/Wal...
Dea Chu
Old duplex, solid building, first property?
I'm looking for some ideas about a duplex I'm interested in. I don't own any property yet so this would be the first. The property is in northern Ontario, Canada, and is an all brick duplex with an in-law suite. It wa...
Femi Salami
How to design my rehab and select materials?
This might be a dumb question, but I'm at the rehab portion of the BRRRR process and I'm stuck on how to actually go forward with the rehab. I'm currently looking into general contractors, but are they going to help m...
Kyle Meyers
Move In Specials
Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had succe...
David Walton
Should we or shouldn't we expand to the MTR market?
Hey all! My company currently manages LTR's throughout the Denver metro area. In the last few months we have received several requests to work in the MTR market and want to vet it out. Looking for some advice on the f...