Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
Francis Branagan
Flip or Buy Hold Portfolio
This is a would you rather scenario. Its a time sensitive scenario, you can't choose both. 1. Flip, purchase price 110k, needs 40-50k, sell for 199. 2. Rental Porfolio, 5 houses local same town 300k after taxes and mo...
Tyreek King-El
Stashing away for Vacancy. Does it actually matter?
Does stashing away for vacancy really mean anything? The idea behind stashing for maintenance and Cap-Ex make sense, but for vacancy, say you start out with a new rental, and you put away 3-5% for vacancy per month. L...
Phil Begay
Profits in High Tax Rate Cities
Can one make money with rental properties within a city that has a high property tax rate?
Tom Wallace
LLC for rental properties?
I currently own 3 single family properties which I rent out. I am in the process of trying to secure more. I have a simple DBA. I am thinking about forming an LLC to provide myself some protections. At the same time,...
Matthew Banks
Advice how to make handling security deposits easy
We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions. We use a spreadsheet to track any deductions for issues caused by tenant ...
Jesse Lynch
Mobile Home Deals in Twin Cities Metro?
Hello BP!I'm beginning to get my feet wet in mobile home buying and selling in Minneapolis, St. Paul, and the greater metro area. I'm even open to the Duluth area as well. Most people aren't into it, but potentially...
Michael Dunn
23-Unit Apartment Complex for First Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,050,000
Cash invested: $275,000
23 unit apartment complex with six additional units and a laundry room tha...
Michael Lynch
Managing bookings on multiple platforms
Hi,We will be listing our property 3 bed / 2 bath for the first time in a few months after we do some maintenance, get it furnished, and do some landscaping. People say to use multiple platforms. For example: If someo...
Patrick Philip
How do you manage your large multifamily properties?
For those of you who own large multifamily properties, how do you manage them?Do you hire your own manager? Do you use a 3rd party company? Do you let the manager live in 1 of the units?What types of maintenance does ...