Julie Verardi
3X the rent versus 40 times the rent?
I had always done the 3X the rent rule for what I can afford for a mortgage and for my tenants. For example $2000 x 3 = $6000 (monthly income required to keep housing payments less than 1/3 of income) $6000 x 12 mon...
William Abanyie
Los Angeles Rent Controlled Units Rent increase Exceptions.
Passing on some information for all Los Angeles Property owners subject to Rent Increate. Here is a document I found that details acceptable reasons for rent increase. Including your tenant adding another resident t...
Zachary McDonough
RENT! RENT ! Baby! It's the 1st of Month!
Hey BP Nation!
So I am have been landlords for total of 700 years.....I mean 7 months! I am still collecting my rent through Venmo, CashApp, etc. But I am looking for better options. Options that do not require me to...
Carlos Rovira
To Raise Rents, or Not To Raise Rents
I have a tenant who's lease is up. I am going to renew for an additional 12 months, but would like to raise rents. He currently pays $1,300/mo. I am planning on raising by $40 (~3%).The kicker here is that this partic...
Justin Cloyd
Portland, OR house - sell, rent, short-term rent?
I'm looking at options for my current residence (3 BR, 2 BA house) in Portland, OR. I'm not sure if it makes sense to sell and invest elsewhere, or rent it out as a long term rental. (Portland doesn't allow whole 3 BR...
Account Closed
Legalities of renting to self / Rent expense definition
So I recently heard an attorney go at it with a tax liability guru on this an figured I get some additional insights from some 'experts' on here. Here is the gist of the issue....An investor decides to 'rent' a proper...
William Huston
42k Cash: Flip, SF Rent, or Duplex Rent?
I currently have 42k in cash with another 50k tied up in lendingclub slowing being payed out to me. I currently own a handful of rentals all over the country from being in the military. I never bought the houses with ...
David Appe
Lets debate: Cozy, Rent Spree, or Rent Redi
I am currently trying to figure out what’s the best format/software in order to manage my tenants. I recently acquired my first BRRRR home about a month ago, and look to have it ready in 3 weeks. All opinions welcome!...
Daniel Lehrman
Low Price to Rent: Why do people rent?
I'm looking into investing in areas with low price-to-rent ratios, like Metro-Detroit. I've asked a few PMs this question, but I don't get very good answers:What is the fundamental reason that price-to-rent is so low...
Jim Hamrick
Planning...getting the house ready to rent ?'s
I'm about 6 months out from having my house ready to rent. I live right next door and will be repainting, replacing flooring and doing some minor modifications.
My home will be a short term min 2 night stay max 1 mo...