Robert M.
Rent Increases
Hi Everyone, I would like to increase rent but have a tenant that is telling my property manager that they are on fixed income and cannot afford higher rent. The unit is rented under market value and I am only asking...
Cristiano Bell
Multifamily investments in NYC/Manhattan
Hi everyone,
I was wondering whether you think it is a good time to invest in multi-families in Manhattan (ranging from 3 to 20 units) or neighbouring areas. I am looking at Harlem, Astoria, Brooklyn. Upper West Side...
Breland Almadova
Managing Long Term Rental Property
Aloha Bigger Pockets Fam,My mom and dad have a rental property. It was their first home they bought about 30 years ago now. Lived in it for about 10 years and have been renting it out for about the past 20 years. It s...
Jim Cellini
Property Tax Increase Despite Property Value Decrease
Hey just wondering if anyone had any thoughts or similar experiences:
I own a duplex in Logan Square purchased for $609,000 in August 2019. As of May 2021 it was valued at $650,000 according to zillow. My property ta...
Joseph Mceneaney
Re-finance/cash out
Question if you buy a duplex with 20% down how do you cashed out / refinance to get your initial money/ deposit money back ???
Taber Roberts
Newbie looking for advice on existing rental in Atlanta/Alpharetta
Looking for advice on when to increase rents.
I have two rental properties that were both at one time primary residences. The first is an older home located in a B/C area of downtown Atlanta (Kirkwood). I li...
Daniel E.
Property acting as bank roll via HELOC?
Good day everyone,So I’ve been a BP member for a while now. I don’t post very much because I don’t have the experience or knowledge to help anyone out just yet. However, after reading constantly and strategizing I thi...
Paul Bowers
Do you collect additional security deposit as you raise rent?
The security deposit is most typically equal to a months rent. As tenants renew their lease and the rent increases are you collecting additional security deposit as well?
Antonio Cucciniello
Fair Market Rent: Everything You Need to Know as a Beginner
What is fair market rent?
It is how much you can charge for renting out a home or unit based on a few factors we will discuss here.You need to know the fair market rent because it tells you how much you can make per ...
Christopher T. Murray
Raising rent on tenants after acquisition
Hello Everyone,I have found a 3unit property that I want to buy. 2 units are occupied by long term tenants who are paying far less than what they should be per month. The current owner has not raised their rent at all...