Matthew Insley
Raising rents on inherited tenants
I just bought a 4 plex that is old but in pretty good condition for a C+ neighborhood. I know that the rents are lower than what I could probably get, but I have decent tenants in place since before I purchased the p...
Keoki Kimzin
Inherited tenants: Keep the 20-30 yr tenant hoarders?
BPers!I'm closing on a 4 plex in a C neighborhood. Two of the tenants have fairly maintained their units but the other two have trashed theirs (hoarders). Both of these tenants have been in the units for 20-30 years...
Jonathan Roveto
Our HOA president is kind of... not suited for the job
Wow, I didn't know we had this forum! Anyhow, it would be great to get some advice from people. I joined our HOA's board this year. We have 3 people who have been on the board for years, 2 for one year, and me and ano...
Seth Mosley
How much for repairs and vacancies
Wondering if any of you out there have some sort of "formula" you use to estimate repairs/maintenance and vacancy reserve costs when evaluating a new property?
I have been sort of guessing on mine so far and doing 5% ...
Joseph Schommer
Rent raise feedback please
Hi BP Community.I bought a 4-plex last year in which the rents are VERY under market AND I'm paying heat and hot water in Vermont. The residents of this house have been here for 3 years, 8 years, 12 years and 25 year...
Quiana Chandrasekar
Having a general contractor during walk through
As I'm readying myself to purchase my first property this year, I'd like to know if it is common and highly recommended to have a general contractor to accompany me during a walk through of a property of interest to h...
Bienes Raices
How to negotiate with bank for mold you can't see?
My offer was accepted on an REO, and there was a strong smell in the house before--then the bank repainted the interior, probably to cover up the smell. I'm pretty sure it was mold, although the only visible mold I sa...
Mike D.
Techniques to report Capital Improvements as Repairs
I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
Heidi Kenefick
Odd situation- water leak casued damage to neighboring unit
A unit I own out of state, which is vacant at the moment, had a leak. I wasn’t initially able to reach the PM, but eventually did and they went out and dried up the water. There was no damage to my unit so I did not f...
Nnabuenyi Anigbogu
Need some advice and opinions on the Chicago Multifamily Deal
Hello everyone,I wanted to get a little opinion on a deal that i could be closing on next month. It is a owner occupied multifamily but i will be moving out after a year and converting it to a full investment property...