Aaron Smith
Estimating expenses when the owner uses the ol' shoe box method
Hey all, I've identified a property which, so far, is looking good. However, the owner uses, as the realtor put it, the old shoe box method of accounting. Which means she has no way to provide expenses on the property...
Brigitte Garrett
De Minimus Safe Harbor rule
Looking for guidance on the following expenditures made and the application of the $2500 De Minimis Safe Harbor rules.Do either replacement of kitchen cabinets or replacement of flooring with laminate and vinyl fall u...
Robert Howard
Negotiations with Property Manager
I want to negotiate a new deal with my property manager, but want to get the opinion of the community. I started with one house with my current manager and now have three. Alone with increasing the number of rentals...
Jeffrey Baxter
Seeking a Mentor to guide start-up BRRRR for small multifamily
Hello BP Members,
We are most concerned with the Portland laws favoring tenant rights rather than the landlord?
Professional experience is necessary before we move forward.
Would you encourage WA instead?
Cheers...
Freeman Schultz
Changing rental application requirements
Just out of curiosity, have any of you changed your requirements for new applicants?
I have heard that some landlords/property owners have been changing their requirements. The general feeling is that they need to ma...
Mark Bookhagen
Terminating Month to Month
Hi BP,I'm looking for some advice. I think I should terminate a m2m lease for one of my units because I keep getting (valid/serious) complaints about them. It has caused one tenant (good) tenant to move out. My questi...
Ann B.
tenant request for new paint
We have a tenant who has been in possession since at least 2006. He is insisting on new paint in his two-bedroom apartment. However 1) He says he has allergies/sensitives to standard paint so he has requested a specia...
Matt DuSold
What do you want to know before buying a rental?
So I know I left this broad, but it was somewhat intentional.
I finally have the ball moving with real estate and it has always been my goal to take fix and flip profits, and any other profits from RE, to turn them ...
Marlin Chisolm
After you get the keys?
Everyone is usually concerned about the process on buying their first rental. I’m worried about what happens AFTER closing! I plan on buying a Duplex in Indianapolis in the near future, renting one side and living in ...
Jennie Jones
Operating expenses for good deals
My husband and I want to purchase a 2nd rental property. We have been listening to the podcast and reading the books. It seems like the advice when running the calculators is to budget $100 per unit each for cap ex, m...