Billy Archer
What do you set aside for capex and repairs?
Do you have a rule of thumb when you’re searching for buy and hold deals? Are you setting aside 10% of prospective rental income for capex and 10% for repairs regardless, or fine tuning it based on factors like the ag...
Yang Zheng
water pipe burst after tenant evicted. Property management didn't inform us
We are a small landlord in MA with a rental in Rhode Island managed Nexus Property management. So tenant owed us couple months rent and was evicted and property management went in and filmed the condition. They didn't...
Darsh Patel
BRRR Strategy - What should I upgrade??
Hi all, I've heard of the BRRR strategy and have done some research on it. It sounds like a great plan but, I wanted to get the BP crowd's thoughts... I currently own a 4 unit property. All units are in rentable condi...
Christopher Williams
Seller Financed deal
Hello everyone, I have a deal in place now that I would like your opinions on. I have a contract on a vacant property (wholesale) I am now thinking about using the seller financing option instead of a flip. There is n...
Lisa Casey
Entitled Tenants from hell....but my mistake for being "nice"
I have a small house on 18 acres. We have rented it out 5 times with no complaints. In the last 4 years we we have totally renovated it adding a sun room, new HVAC, electrical, plumbing, and refinishing floors, ref...
Anne Dahl
Coverage for a wooded area away from hydrant & station in CA
Hi All,We have a SFR that we are going back and forth with the buyer on in the Sierra Foothills of CA. Turns out it's in a wooded area, too far from a hydrant and over 5 miles from a fire station. The one quote I've...
Linda S.
Long term hold, where to buy
Hi,
I've been reading and reading and still have yet come to an answer.
My goal:
- Better return (my saving are in stock, mutual funds, some in 2% CDs now)
_ Buy for hold, potential for appreciation, reduce my regu...
Eddie Werner
Prospective tenant states they only smoke outside
I have a non smoking property and prospective tenant states they only smoke outside. Curious how others handle this. I was thinking about adding to the lease that they forfeit SD and will need to pay for any smoke r...
James Nelson
Schlage encode stopped working, guest locked out temporarily
I have 2 Schlage encode locks at my beach house and they both simultaneously crapped out within a few hours of each other. I think it was due to either getting wet or condensation because there was water in them when ...
Tri Tran
Need Help! will likely lose 30K to a scam
I used Rent to Retirement to purchase a new short-term rental property out of state, managed by the seller’s agent, Lacey Dickinson. Rent to Retirement had good things to say about her, so I trusted their recommenda...