JaMarcus Joseph
Bankrupt 10 unit, laundry mat and car wash
I have a 10 unit, laundry mat and car wash combo under contract. It's 100% occupied and the extras are functional. It was built in 2007. They have not produced any financials and the realtor is not sure they will. La...
Henry Lazerow
How much are you paying for airbnb cleaning?
Curious what fellow BiggerPockets members are paying to have the unit turned over for airbnb cleaning? Also how are you handling washing/changing sheets?
Brianna Tardi
Laundry washing machine, to replace or not?
Hi BP!!! The motor is out in our rental washing machine, to save us the back and forth we are leaning towards replacing the entire unit but in the mean time do leave it up to our tenant to figure out how to wash her c...
Robert Gilstrap
How to scale housekeeping and laundering of linens
I only have 10 listings currently but my goal is to ramp this up pretty rapidly towards 50+ units and I can already see housekeeping and linens being my #1 stumbling block. Linens: We do houses not apartments for the ...
Troy Schwamberger
Debt to rental income ratio?
Is there a "rule of thumb" regarding a ratio of income you should get from a rental property versus how much a mortgage payment is on that property. Obviously you are in it to make money, but is there a criteria that...
Guka Kagu
Can you demolish the deck after signing a lease.
New lease starts next month. I was thinking of upgrading the wooden deck, but the estimate came out to be so much so I am thinking of demolishing the deck. Can I do that? I didn't promise anything to tenants. They jus...
Rosalie DiPietro
Laundry Room for Small Rental Property
Does it make sense to create a laundry room in a three unit building in Astoria, Queens, NY (Upper Ditmars Area)?I'm considering creating a laundry room in a portion of the garage. The area rents are great and buildi...
Rob Ibarra
Car Wash Detailing Hack
Need the BP brains to help me with a Car Wash hack. I'm looking at buying a self-serve car wash and force value / revenue by installing a car port / detail bay for a mobile detailer to be stationed there weekly and of...
Denny Robert
Wash U Live Near Your Work Program - North City Development
I would love to hear experienced St. Louis investors and people who interested in the city weigh in on Wash U's Live Near Your Work Program (https://lnyw.wustl.edu) and all the investment they have done in the central...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...