Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
William Danielson
Deployment concerns with rental property
To my fellow military men and women, as well as anyone else with any insight...
I’m looking to buy my first rental property, but I have a 6 or 7 month deployment coming up in several months. I will only be able to ge...
J Scott
Craziest Contractor Bids
I was just doing some cleaning and found a bid I had gotten a couple years ago from my (former) plumber of mine to do some basic work on my personal residence. I saved it because I planned to start this thread one da...
Brock Norton
BRRRR refinance question
So I get the process of BRRRR. My question is in the actual refinance portion. When you refinance a home at 70%-ish LTV of ARV after repairs/updates and its rented does the lender just give you cash in the form of a...
Nayeem Khan
RE: Worker shot and killed during rehab project...
Hello BP, I’m in need of some advice.A few days ago a contractor working on one of my out of state properties was shot. I found out that this was the result of robbery gone wrong. The contractor and two of his workers...
Dave Jackson
Property Manager Wants Bank Account Access
Hello Bigger Pockets Community,
I have some multi family properties (total of eight units) and the property management company has a shared bank account so they can deposit rents and then debit expenses with co-sign ...
Larry Ott
Past due HOA fees on just purchased property.
I recently purchased a SFR property near Ft Myers, FL at auction. It was a foreclosure property purchased through a sheriffs sale. I completed a normal title search and upon sale purchased a title policy. I have a cle...
Byron W.
Can I use check copies & credit card statements for expenses?
I'm living in a tri-plex house hack. Renting out 2 units and living in one. This is currently the only property I own. I've had work done on the building itself (roof repairs) and remodeling work in one of my previous...
Tamara R.
Wear and Tear, etc.
I had some tenants just move out who had lived in our rental for 4 years….and during that time period they “really wore the sh#t out of the place” (to quote my husband). They were not mailicious, but by the looks of...
Westin Hudnall
How to determine appropriate amount of damage to charge on move outs ?
I'm looking for the most effective strategy on determine renter costs owed upon move out :On top of that I would like advice on my current move out situation :Renter put his 30 day notice in Sep 1st so we started show...