Tina Rubin
RI typical landlord paid maintenance costs for house?
What are common, house maintenance items that a tenant would expect to be covered when renting a house in RI? Is regular snow plowing covered by the landlord? Or should the tenant expect to handle that when renting a...
Tim Parker
Duplex lending standards
I am financing a duplex. The lender wants top of market rates and will only lend to 60% of appraised value. Is this common?
Anthony O. Porter
Why are agents including financials, NOI and cap rate in their li
Why are agents including financials, NOI and cap rate in their listing for duplexes, triplexes and fourplexes to arrive at the property value when the value is based on comparables. My understanding is that financial...
Kimberlyn L Moultrie
Getting Property Under Contract- On Market
can anyone tell me if they’ve experienced this before.. or if this is common.. so I am getting a property under contract, great. I review and sign the agent’s contract and it appeared to be signed by all other parties...
Matthew Kirchmyer
From individual to 2-person ownership with DSCR loan
I'm selling a house in North Carolina and buying one with my friend in California. Both are SFR rentals so I want to do a 1031 exchange.
We are doing a "Dscr" loan and the banker said it needs to be bought in an LLC....
Stephen Torti
Margin Per Apartment in Multi?
Hi BP, has anyone tracked their margin per apartment? I've got some numbers from it and most are good but I'm not really sure what to compare it too. Is 25% per apartment good, 50%, 15%?
Erick Caffarello
Ratio Utility Billing (RUBS)
Greetings BP!I'm about to buy my first multi unit, and currently the owner pays gas, water, sewer, and trash. Also, the building is in need of significant repair and current rents are $375 for an efficiency up to $57...
Raden Mantuano
Where can I find the ACTUAL ownership type of a property?
Hey guys, So im trying to find out the ownership type of a property I’d like to get more details (Tenancy in common or joint tenancy). I use prop stream as a data provider for property information. The only thing i se...
Account Closed
Thoughts on how to handle a building with an infected tenant
Found out today I have an infected tenant in a duplex. Funny, for all my thoughts towards the impact of the virus, I never thought to wonder how I was going to handle an infected building - duh. I guess I'm much bette...
Daniel Dominguez
We need you help! We have a few questions
Hello everyone,We have a few questions as we get started seeing up our first rental property.1. Is it common practice to have the renter pay for the background check?2. Should we collect a security deposit and first/l...