So here is a quick run down of a property I am looking at. Its in a C neighborhood, but not in the war zone, mostly families on section 8 rentals in that area of town. I purchased another rental on that street a few...
Hey BP Nation, Hope all of you are doing well.I have been looking for a reliable General Contractor in the Chicago area for some time with no luck. It makes sense that the good ones are just too busy in this market. G...
I'm still tracking to forecast how the IoT will benefit landlords. Some newer thinking suggests a world of interconnected sensors will transition us away from viewing of our rentals as products and more towards housin...
Hi guys,
I have an electrical issue/question. I own an older 2 family built in 1932. The outlets are mostly 2 prong and it appears there is no ground wire. My tenant is asking me to change to 3 prong so she could rea...
Hi all,
I have a rental property available for rent now. Unfortunately, a lot of applicants who respond to my ad don't have good credits. When I listed my property, we didn't expect to have tenants with pets because ...
How much should you spend on a make ready. Most owners, myself included would like to have a good ball park number, depending on the property I am buying or turning over after a move out. Everybody has different opini...
I am looking to get a general idea of remodel costs on a house I found on Zillow. I know the owner and may be able to get it for 5,000 cash. It is going to need drywall on almost all walls and ceilings. I would like t...
Hi all,What percentage/fees does your property management company charge for FULL-Service management of your vacation home? Emphasis on "full-service management" where you are completely hands-off and only collect a c...
I've been dealing with a seller for almost two months now. She is motivated to the point where she will sell it for the judgement amount, which is good, because I can not offer more than that. The complicated part o...
Hello BP community! Landlording question for you all -- I am under contract for a SFH by a university, closing in early April. Wondering if anyone had advice on renting to students? I would ideally rent to grad stu...