Reese C.
Legal division between an ADU vs a roommate situation?
Hello BP,I am looking at purchasing a property that would be perfect for a house hacking situation. The property has a walk-out basement with a room, living room-like area and a space for a kitchen/kitchenette. It wou...
Monica Kovalsky
New to LLC's and Looking for Advice
Hi,My husband and I have 21 rental units and decided it was time to move them into LLC's (separate LLC's for each property). Does anyone have any book or website recommendations on how to properly handle the financia...
Alaska Wagoner
Utilities in Memphis, TN
Hi Friends of BP, my name is Alaska. I am looking to buy a SFR up to a 4 unit complex later this year. I'm trying to estimate utilities and establish who pays for what in different types of residences in Memphis, Ten...
Anjum Yaseen
Rental Security Deposit- Trust account or just dedicated saving account
Hi,Do I need to put my tenant’s security deposit in trust account or do I just simply open a separate dedicated account for security deposit and put the deposit there?Thanks in Advance
Matt Markel
would it benefit you to separate utilities on a multi family property?
I have found a multi family property that needs some rehab. I am working with a local, experienced investor, who wants me to not just ask him questions but use tools like BP to get the education and range of expe...
Justin Wilson
POS Code Violation for 3rd Floor Unit
Hi all,I'm looking at a 3-unit is Shaker Heights and the realtor sent over the Point of Sale Compliance Inspection Report. One of the violations stated the 3rd floor may not be used as a separate unit. However, the ...
Rob Brown
Duplex Analysis
Hello everyone. There is a duplex that I would like to purchase however the owner will not go down on the price and insist its a money maker at the asking price of $115k. All utilities are not separate and I would hav...
Lance Friesz
1031 into a new primary home
I am hoping to get some help on a situation we are looking at and would appreciate any input! I also understand that this is not tax advice and I’ll will be working with a CPA.My wife and I are looking at purchasing a...
Jim Cran
3 bedroom rental - 3 roommates?
I'm about to advertise a 3 bed/1 bath unit in an area that is typically rented by roommates (vs. families). I'm looking for advice on how to structure the lease if I do get roommate applicants that I anticipate gettin...
Oksana Yurovsky
Rent for Reno: what is fair?
What would be a fair trade between a property owner who wants work done on a home and a contractor who wants a place to live for the duration of the work?
Which factors should be brought into the equation - comparabl...