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I have a tenant whose fiancé left yesterday. He states he’s getting a restraining order on her for various reasons. The current lease is up in May and he is asking if I can take her off the lease. Can I get some advic...
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I started flipping mobile homes when I was 18. I worked in a furniture factory 12-16 hours a day in the summer and then went to the project after getting off work to work another 4 hours. It was a heck of a time, but ...
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Hello everyone,I own a 4-plex and have run it for 3 years now with success. Recently I ran into an issue with a tenant. She had a leak under her sink and was unaware how to shut the water off. I was able to get to ...
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Hey guys! Sorry if this is naive but I figured this is the place to ask my "stupid" questions. How often would you say the "50% rule" of expenses applies in real life?
For example, how many years say in 10 ...
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We relocated to NJ last year and do not own a home, thus are unfamiliar with agent commissions here. What is the average buyer’s agent percentage in affluent Bergen county? I know "it’s all negotiable” but no need to ...
As I've been thinking about how much to set aside for CapEx/maintenance expenses, I keep coming back to the questions of: "How much should I really be spending on X?" It isn't a matter of questioning the percentage of...
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Do you turn off your furnaces for the summer? My tenants pay their own heat so this has no impact to my expenses but have been told turning off ther furnaces in the summer may extend the life of some components of the...
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I have an older 1920's duplex, and the outside looks just ok, but not great. Is it necessary to include photos of the exterior of the property for Airbnb? Or can I get away with zero exterior photos?
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Hi Everyone,I’ve got a few unrelated questions I was hoping to have answered: 1) It’s my understanding that it’s the tenant’s responsibility to change HVAC filters and carbon monoxide detector batteries every 6 months...
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Hey BP,I want out of my full time job at IBM. I'm sick of it. I know, I know. Working a job (even if you don't "like" it) is a part of "growing up". Working this job is one of the most unfulfilling things I've ever do...