So I just closed on a fourplex in Stockton and I have a guy collecting rent who I inherited from the previous owner. He tells me yesterday that he has everyone's rent and we start going through the numbers and I no...

I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

Hey Members,Hopefully everyone is having a great weekend.  I'm looking for some feedback from investors, agents or other real estate professional in the Chicagoland area.  My wife and I met with a real estate agent  i...

Early in January, our duplex caught fire, destroying the bottom unit. We fully renovated it and placed the tenants. This is our best performing property and I really don't want to sell it, but after getting a notice a...

I can't imagine calling his poor parents... he was found by a friend that told police he was staying with tenant (without my knowledge). The police/coroner had taken his body out before they called me.I feel just terr...

I’m just getting started in my REI journey after nearly a year of analysis paralysis. I’m an engineer by degree but always wanted to get into REI and get out of the rat race. My hometown of Aurora, IL is where I have ...

Hey all. Seeking some advice on how to handle a new tenant asking for a discount on rent. The story is we purchased a property and did a minor rehab (flooring, paint, new kitchen appliances, new bathroom vanities, e...

Hi everyone!I’ve been owning my first multi family for just over a year now. My girlfriend and I live in the upstairs unit and we have a tenant in the downstairs unit paying rent. Throughout their tenancy I’ve receive...

My friend who also invests in another market in Texas suggested that we plant a tree or two in the backyard of our new rental, says it is little cost now for a good return later. Thoughts?

Hello BP,It's always fun posting stuff on here and hearing what everyone has say, but i'm afraid this post isn't quite as pleasant.  Nonetheless i'm sure there are lessons to be had here and I would greatly appreciate...