I was having a chat with a co-worker over Slack about ways to keep costs low in rentals. He was in a different state than me, and had years more RE experience than I have. His background was acquisitions and purchasin...
Hey BP,We are buying an apartment complex in Kentucky. One of the value-adds we want to do is add a washer dryer hook up in the units as we can get a nice rent increase for it. We are running into a problem on findi...
Hello, my wife and I have just purchased my first property for investment purposes. We truly just closed a matter of hours ago, very excited!My primary question: What are the immediate next steps? We will do a fina...
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
I have a taxpayer that wants to redeem basically I have cut the grass a couple of times and sprayed the yard with Permethrin poison to kill the fleas and roaches and ants and other bugs and have cleaned up the propert...
If any of you are involved in this market, do you have any experience with wood frame homes versus brick homes? Specifically, do you have issues with finding tenants for wood frame homes when compared to their brick ...
I know that with residential properties, you need to be there for your tenants or have a property management watch over the place.
Is the same true with commercial? Or can you basically write into the lease agreemen...
Hey everyone,I had a question about analyzing rentals, I see people add the expense of Maintenance, Property manager, and vacancy along with others. And I have learned that people use a percentage of the rent to figur...
In the world of property management, the question of whether landlords should approve tenants to perform maintenance on rental properties is a common and multifaceted dilemma that requires careful consideration. This ...
Hi there, I've posted a few messages in the past, and wanted your opinnion.
I've talked to plenty of landlords in my local marketplace, and it seems that the majority of the landlords have the SAME mindset.
Most lan...