We've had a bit of an influx of interest from out of State investors turned off by recent proposed and implemented STR regulations in some HOT investment areas in the South. Like most regions, the Oregon Coast (and be...
When analyzing a deal, the expenses data available (opex, vacancy, PM, capex, etc.) is at the time of purchase. However, this data is bound to change post purchase. What are some tips to estimate what these expenses w...
Do annual flushing really extend a water heater's useful life?
That is what I feel like right now.We are house hacking a two unit property that we bought in August. The previous owners occupied it for over 50 years and took great care of it but did not separate out any of the ut...
Hello,The Borough of Bridgeport has said I'm in violation of the 2012 Int'l Property Maintenance code because the tenant has no hot water. In the lease agreement it specifically states that the tenant is responsible f...
I met a guy today that said he had a couple duplexes and rented them out. He says he keeps the utilities in his name and just charges extra rent to cover for the utilities. He then said if someone is late on their ren...
Good business partner and I have recently bought a house that we plan on renting the five rooms to local students. We are debating whether or not to pay fornthe utilities or have the students pay the utilities. Does ...
Before I start, I’d like to thank the BP community. I’ve learned quite a bit during my tenure as a forum member and consider it an invaluable resource. To begin, I’m 24, a part time real estate investor and full time ...
I'm buying a duplex. First purchase. There's what I assume to be steam baseboard heating all throughout. There are 3 units. Unit 1 is on floor 2, Unit 2 is on floor 3 and 4. The extra third unit is unpermitted and sit...
Hi BP,
Thanks in advance for any help!
Background: I recently purchased a 5,400sqft duplex that was running on one hot water heater which was located in the basement. The property has three floors plus a basement ...