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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?
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How do I influence/motivate a tenant to want to take good care of their house? I want them to fix small problems themselves, do routine stuff like shoveling and mowing, and call me if there's a problem with the house.
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I live in Elyria Ohio, a city in Lorain County. I have noticed that there are A LOT of properties that are for rent. This could be due to everyone's leases ending. There are two people that just left my neighborhood a...
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Hello BP. Ian Skelton from Savannah, GA I've been "investing" (notice the quotes) for about 12 years, but didn't know what I was doing. So long story, short it went fairly badly. From calls at 2am to unlock the house ...
I am hoping to sell one of my Birmingham-area properties to the current tenant. I am located out-of-state and would like the process to be simple and affordable. I’m looking for suggestions on the most efficient route...
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I'm a new investor and have an opportunity in front of me that I'm looking for advice. I have someone willing to sell me 2 section 8 homes (4 BR homes both built in 2009) and they have been rented out to the same fam...
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A drain pipe disconnected in the crawlspace of a small apartment building. I noticed a musty smell upon doing my routine hallway cleaning (no tenants had complained of smell). Found water in the crawlspace that had re...
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Having a discussion with my mother and father who I see are very successful investors. Owning 12 rental properties all fully occupied through out the year in Cairns Australia. My mother is going on the routine inspect...
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Generally speaking - who pays for painting between tenants? I'd like to clarify this in my lease to avoid gray area going forward. (Please share the actual lease language if you're ok with it!)
a good tenant just mov...
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I am looking for suggestions for a private investigator to try to track down owners of vacant houses. I focus on vacant houses. When I find one I always door knock the neighbors to see if they know anything about...