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Years ago, I had a tenant who's toilet got plugged - but they continued to use it until it overflowed on a weekend and I was the only maintenance guy we had. It was the last toilet I ever worked on... and probably th...
I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...
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I just completed an almost simultaneous close on two different properties. On Friday I closed on 36.4 acres of vacant farmland. This past Monday I closed on a 3bd / 2ba house on 1 acre.
I want to turn the 36 acres i...
My dad made a significant amount of money buying and developing gas stations in the 90's. he's held all of them since, collecting rent checks each month, all are on a NNN lease.He's wanting to buy more now and I perso...
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Does anyone have experience with renting to section 8 tenant? Is it advisable to rent to section 8 tenant? Specifically does anyone have experience with section 8 tenants in Florida?
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Hey guys. I just bought my first house, moved in last month. A couple of weeks ago, we had a very wet weekend and I noticed water stains in the baseboards of my finished basement. No French drains, no sump pumps. I’m ...
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Hi all,I am located in California and purchased an out of state investment property (condo) in Dallas, Tx in March. My tenant informed me that some homeless people have set up tents in a vacant lot that is located beh...
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I have been told that sub-metering this building is not a possibility (without spending ALOT of money to redo the plumbing). Currently, we divide the water bill among all the units every 6 months and bill the tenants....
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I was just under the assumption (like a hotel) that we would provide the linens but I spoke with some local owners this weekend and every place in the complex requires the guest to bring their own. This would make the...
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Economic Update
(Monday, October 19, 2020)
At its core, real estate is a people business, and being kind to people is a business approach that never goes wrong. Being kind builds a positive image. It earns trust...