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We are in contract to purchase a 3 family in a "class C" area and it's in need of total rehab. The current heating situation is separate forced hot air duct runs to 1st and 2nd floor units, the 3rd floor is ducted off...
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Hi BP! I just inherited my third set of tenants. They have lived in the property 12 years. Never had their rent raised. Don’t have a security deposit and are month to month. The property needs a complete rehab as they...
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Hi BPers! I've recently rehabbed a 2flat and have closed on a pretty turnkey 7unit building. I am going to provide coin-operated laundry units in the basement of both properties. Thinking 1 set for the 2flat (2 units)...
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Currently my tenant pays his own utilities except water. I pay the water bill for the whole house. Am I responsible for paying the water bill in my duplex? Or should the tenant pay? I reside in PA.
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I have a 4-plex, C property, 2/1, built in mid 60's on a slab with very little insulation. They currently have 30 gallon low boy electric tank heaters located in the kitchen. I'm thinking about making the move to el...
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Seems everyday there's a new post about a bad experience with a Property Management Company.While it's our opinion, that at least 50% of our local competition are incompetent or crooks, we do know several that, like u...
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Looking to get into owning rentals. Found some great duplexes in the greater Albany, NY area. Looking for advise on how to fund them with $0 out of pocket for a down payment. Any creative ideas out there?
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I was wondering how you would go about finding out how much (in percentage terms) the operating expenses are on a property without owning it aka when looking for properties to purchaseBecause of course if I already ow...
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Quick fridge question to throw out there.I have around 2 weeks until closing on a short sale, and the real estate agent just informed me that her clients fridge broke. Yes it was part of the contract, but she has no m...
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I live in a duplex and I've noticed that the hot water pressure in my unit goes down when my upstairs neighbors either use their shower or use their washing machine in the basement. There are two hot water heaters in ...