Nathan Gesner
I charged Tenant for furnace abuse
Previous tenant occupied the home for two years with no furnace problems. New tenant moved in two months ago. Last week they called to report the furnace wasn't running. I send someone to check it. Long story short, t...
Joseph Lieberman
Unwillingly Entered REI, Some Advice Needed
My topic is a bit misleading so I will start with a brief story :)
I lost the house in our divorce, but my ex was unable to get approved to refinance it, and after she missed a couple payments I took her to court and...
Don Pham
Recently Self-Employed: What income do lenders look at
Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...
Don Konipol
Whatever Happened to CREATIVITY In Real Estate Transactions?
Back in the 1970s when I first entered the real estate profession (my fellow bankers were shocked that I left international banking to work as a COMMISSIONED commercial real estate salesperson!), creativity in deal ma...
Alex SImon
Insurance for Buy and Hold?
I'm going through the purchase process for my first two buy and hold rentals in Philly right now, but I have no idea what kind of insurance policies I need to carry. I've been going through the forums but I can't see...
Joseph Weisenbloom
How do you handle tenant AC costs?
Tenants love to crank AC systems to absurdly low temperatures which creates a high likelihood of breaking the AC unit. In my area HVAC techs charge $1000s just to look at the unit after it breaks. I have a 3 year old ...
Daniel P Willis
How does the Cap Rate Work
So I have a single family home and a trailer that I rent out and my wife and I are looking at purchasing a triplex or quad. How does the Cap Rate work and at what time does that become relevant? I always try to learn ...
Heyward Lovett
Anyone familiar with using the VA Loans for investment purchases?
I’m looking to get involved in rental property investment, development and management (newbie 😊). I have this insane idea that I could make this happen with a family member who happens to be a war Veteran. I’m looking...
John Wright
High Water/Sewer Bill Parma Ohio
I'm having abnormally high water/sewer bills for my duplex in Parma, Ohio. Here are the stats from Cleveland Water and NEORSD (sewer):~$100 avg for 1.9-2.1 MCF water usage per month~$200 avg sewer costThe total of $30...
Marci Stein
Whose responsibility to empty septic?
I know I messed up by not addressing this issue in the lease.For those of you who rent out homes with septics, do you have the tenant pay for emptying it or do you pay?Will it be too late to add it to the lease upon r...