Ronald Fontenot Jr
1st Post - BRRRR - Looking for opinions on this deal
First time posting...I'll try to be concise.Found a 3-2-2 listed for 150k. Rental comps are $1600-$1700 month.Assuming full price offer accepted, the plan is to do 20% down (30k) with a 10k rental rehab and assuming $...
Jay Garrison
determining utility usage for a tenant
Hello,I have a tenant who still hasn't put the electricity in her name, and waited two weeks after she moved in to put the gas in her name. It was a rookie mistake that I allowed her to move in while the utilities wer...
Jack Forester
What will you add to your next lease?
What will you add to your next lease? I use a ezLandlord forms which allow you to pick and choose some rules for the property and ensure you are 100% legal for your state (no I don't work for them). They cover a lot...
Dalton Dickson
inherited land
Hello, I'm new to this site and relatively new to real estate investing. I have a couple multi unit buildings. Unfortunately through the death of a family member I was left some land not far from a highway exit. I...
Demon S Rogers
Cutting off internet
Any advice on the matter is great.Is it permissable to pause internet service to one tenant of 3 who live on a property due to late rent ? The other two will still have full access but giving that the internet is a se...
Patrick Moore
Exploring the possibilities in Detroit
This is the first MF over 4 doors that I ran numbers for, I'm guessing I made a few mistakes. Can anyone find some room for improvements on my estimations/numbers? I GREATLY appreciate any and all constructive critici...
Canneton Howard
Inherited tenants say utilities were paid by previous owner
Hey all, I'm looking for advice on how to handle a situation with a newly purchased duplex in Colorado Springs. After purchasing the property just a few weeks ago I was on site to work on some needed repairs. I was ta...
Laurieann Frazier-Duarte
Landlord responsibilities with rentals
For those who have rental properties, can you mention what costs you generally cover for your tenants? Do you cover items such as lawn maintenance, extermination, alarm and cable services?Also, do property management...
Oleg Brown
50% rule. Should we use this on small multi family properties?
I’m trying to put together my first buy and hold deal somewhere between a single-family residence and a four Plex most likely. I’m using the 50% rule for every property I come across and none of the numbers seem to be...
Faustin Hoover
Utilities and maintenance
Two questions. If you were looking at a multi family and the current owner pays utilities how do you go about dividing them at least electric? Also if 2 units have a boardwalk to get out of their unit and the other ha...