Hi all, just closed on my first property last month and have been tracking all associates expenses in excel. Have been reading the Tax Strategies for Savvy RE Investor book and they recommend using Quickbooks Pro. Was...
Looking for negotiation suggestions after inspection. Suggested tactics? What should we accept? What should we not accept? Other thoughts? We completed the inspection on my first multi-family rental (6-unit townhouse ...
Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay the October 10th rent. She let me know Oct 12 by text that she was breaking the lease but wanted to...
As a buy and hold real estate investor, can you charge a tenant for repairs if they do not take precautions during a freeze by opening cabinet doors, letting water drip, covering outdoor spigots etc. which cause pipe...
Hello All,
We have a tenant in Dallas and one of the tenant on lease send a written notice stating if we do not repair following items she will not pay rent for next month.
Window in master BR/minor fence fix/range...
I am brand new to BP and to Real estate investing compared to most here, so i am looking for Do's and Dont's.Please give any advise or suggestions you may have, I will be grateful in my journey to better future.
Hi - I have one rental property. It is a townhouse that shares walls with three other units. The neighbor just placed a note on my renter's door stating that they are starting termite treatment on a shared wall. My re...
Overnight the ceiling in the main floor bathroom of our four plex collapsed due to a water leak. We tried to enter the unit above to shut off water and there’s an angry pit bull inside. Lease says no pets. Can’t get a...
I finally have my first property under contract (Yay!). It will be in the BRRR mold, as it needs a rather large renovation. As the time approaches for closing I often think of a task, or detail I need to complete, an...
One of my long term tenants is moving today. I am taking the opportunity to brush up on my "Move out transition skills". We have mutually agreed to end the lease early. I will start the process of inspecting the prope...