How do you determine who is responsible for repairs/maintenance? Obviously if the furnace or AC goes out, or you have leaks coming from the roof or upstairs bathroom, it seems that it would be the landlord's responsib...
I HAVE A FRESHLY REMODELED 4BR 2 BATH HOUSE THAT I'M TRYING TO GET RENTED. I'VE SET THE PRICE A LITTLE HIGH BECAUSE OF ALL THE RENOVATIONS I'VE DONE AND PEOPLE SEEM TO BE BALKING AT THE PRICE A LITTLE. I'VE HAD LOTS O...
Okay, this is a little gross and a little morbid, but this isn't my expertise. So, I am buying a house that has a large thick blood stain in the bedroom. The seller told me that the tenant had a massive heart attac...
Hello all! I just picked my my first rental property which is a 4 plex. The old landlord told the tenants about them having a new landlord. One morning I was walking around picking up trash and looking things to make...
Yes.... I know the stove is awful. Its clean, it works, and it will be replaced next time the unit turns. With that said, the renovation. For those of you looking to update on the cheep for a BIG impact and extra doll...
I have a tenant in a basement apartment of a three flat in Cook county suburb. He always resists rent increases, tries to withhold money, tries to push remodels that I refuse now. A few years ago, I did some remodel...
We are putting in Smartcore flooring in a tri-plex This will be a hold property at this time so we want to make it as bullet proof as possible as we renovate. We are working on one unit and adding flooring but have b...
I’m having trouble figuring out what ALL things I need to take into account, in order to attack a deal.
I’ve got no limit when it comes to funds (partnerships) but I need to know
-how to calculate loan cost/year (p...
Hello Fellow BP-iansOne of the tenants I inherited with the property is supposed to be a handy man/maintenance guy. I am in talks with him to see if he could be a full time maintenance guy living on the property. I kn...
I got a property under contract today. ARV is $190K. Seller owes $187K. The loan is 5.1%, 30 year fixed, PITI of $1,249.51. Long term tenant paying $1,675 and all utilities. I purchased the property subject to the exi...