David R Pustelnik
Looking to maximize my potential with rental properties
Hello everyone, my name is Dave. I’m from the Detroit Mich. area I am new here and wanted to introduce myself. A little history on my investment real estate journey if we can call it that….
Back in 2005 my wife and I...
Troy L.
ESA letter medical provider question
Hi everyone, A tenant has brought to my attention she wants a esa for medical problem at sfr I rent to her. So today I get a text with a picture of letter from an alleged medical provider (DNP-C). Missing from the ...
Account Closed
Do you collect additional security deposit at renewal
So this is just a throw it out to the world conversation.
Say you have an annual tenant and they were renting for 700 a month, and your security deposit is also equal to 1 months rent. When you renew that person f...
Account Closed
Single Meter Duplex-- Utility costs getting out of hand??
Hi all. Last year I purchased my first rental (BRRRR) for $115,000, and put around $30,000 into repairs. It appraised for last month at $220,000 in which I was able to do a cash-out refi and pull almost $30k back out....
Ruben S.
Signing new lease and security deposit
Hello guys! And happy Thanks Giving!I purchased my 1st rental property in 09/2022 in CA with tenants with a lease expiring in Dec, 31 2022. I would like to get your answers in the following questions.1. Can I increase...
Michael Daniel
Taking over a tenant occupied property.
When taking over a long term tenant occupied property and the tenant has a pet would it be in my best interest to immediately request a pet deposit and increase rent due to pet, or don’t say anything about it and allo...
Andrew Turner
Continued Development in 'Stalling' Markets of ITP Atlanta
We are seeing more planned developments and continued growth in pockets of Atlanta that have experienced a slow-down or stall regarding retail SFRs. Places like West End, Pittsburgh, Decatur and more were of high inte...
David Y M.
Paying Nothing Out of Pocket for a SFH and Instant equity
Hi All, I had an idea recently to essentially pay 0 costs out of pocket for a home. Please tell me if I'm crazy for even thinking of using this method instead of just going with a 5% down 0 point 2.75% 30 year convent...
Alex Silang
From a finance perspective, how does investing in a high rate environment work?
So my area has sub 6% cap rates. If I'm borrowing at 7.5%, is that value destruction (unless appreciation is really good)?Each deal is different of course. But unless you get a value-add property, purchasing real esta...
Caroline Chaudhary
rent increase legal?
I am the only tenant getting a rent increase. Is this allowed? 2 weeks ago, the landlord told me I better move out because he was tired of fixing the toilet. It keeps getting loose from the floor and he said I (a dis...