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Investor Wannabe
Hello,
I wrote a lengthy introduction and thought it posted. Id did't, so now I have to start over. In short, I am expecting my lawyer to call anyday now with a settlement from a False Imprisonment and Arrest I su...
Connor Bell
CapEx Reserve - Rental Properties
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?
Matt Holmer
How often should PM be reasonably expected to inspect property?
I have one SFR where I am currently doing the management. Every couple months I make an appointment to pick up the rent in personal and do a very quick visual inspection on the property. I also drive by a couple tim...
Ilya Skolnikoff
How easy or complicated is Section 8 Paperwork?
I am trying to learn more about Section 8. I know that it is guaranteed income because the government guarantees it. However, what are the chances that the tenant trashes your place? If they mess up your place then...
Miranda Crown
Landlord Inspection for 6mo Lease?
We are accidental landlords who rented out our house in a middle/upper income neighborhood for 6 months to get through the winter and then put the home back on the market for sale. We have an inspection clause in ...
Ryan Dunn
I keep seeing and hearing the midwest is the new hot spot
Is the midwest looking to you guys as a great new place to look? I know the cost is on the low side for houses. BP podcast has talked about it a ton in the last few months. The rents are still close to the 1% rule. Bu...
Will Gaston
What's the best or most useful clause in your lease?
All:I'm about to begin the annual update on my lease for my student rental properties. What started out as 4 pages in 2006 is currently 17 pages long. And I expect it to fill 1/2 of the Library of Congress by the time...
Sam Leon
Providing proof of repairs to insurance after hurricane damages
I have a kind of an odd questions for fellow landlords or if anyone is in the insurance side.Last year when Irma hit South Florida, I suffered quite a bit of damages on a number of my rental.A particular one is a mult...
Austin Wark
First Multi-Family, What to expect??
Hey BP,I am a still a newbie to this website, have been lurking around for a couple months now taking in tons of information. I have decided that my first investment is going to be a multi-family, with the intentions ...
Joel Ray Cotton
Tools you use daily/monthly
Tools you can go without and use regularly?Hello Everyone trying to put together a toolkit for housewarming gift to a friend to reduce maintenance issues. This is more of a survey, give me ideas! (Ex: Garbage disposal...