Deb L.
Special assessment -expense or depreciate?
I have owned a 30-year old condo for about five years that I have rented out the entire time I have owned it. The roof is original, has been patched but still not fixed. The condo is doing a special assessment of ab...
Oliver J.
Exterior leak damaged my unit and they won't pay!
I have a condo in Washington DC and water damage from rain somehow leaked into my unit and damaged the floors. This was six months ago. The association fixed the problem causing the water to enter the building, but ...
Bharath Raj
Converting medical office building into small offices
I own a 5100 sq ft medical office space with no restrictions near the University of Houston. I have inherited a tenant who has 1450 sq ft for the next 5 years. This area is turning and there are new businesses sprouti...
James Baker
Renting with a pool. Not sure what to do.
Hello BPWe will be renting out our house in the future here in the west Michigan area. It has a pool that is relatively shallow; 4' at the deep end and 3' at the shallow end. I am not sure if it was meant for a lap ...
Account Closed
1st Out of State Deal - Help With the Numbers
Hey everyone, So I have been eyeing the opportunity to buy an out of state deal for a while, mainly North Carolina. The market I live in is North Jersey and I currently have a 6 unit deal under contract here as well b...
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What is a good formula for splitting profits on a property?
I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this ...
Scott Davis
Questions about buying turnkey rental
I’m meeting with an agent tomorrow about a 4-plex that’s already rented. What questions should I be asking to understand more about the property and if it makes sense to move forward?Thank you!
Lina Bibikov
Would you buy this rental?
Would you buy this as a rental? Danville KYNew Construction 3 bed/ 2 bath1200 sq ftInterior has vinyl plank, granite, tankless water heater, all electricPrice $145,900Rent $1000 No HOADisclosure: We built the house an...
Bob Denkers
Selling my 2 houses on 1 lot separately - ADU
Hello, I have 2 houses on 1 lot, Main house is 1600 sf 5 bed 21/2 bath, 2nd House is 2 bed 1 bath 800 sf. Both on 1 lot, no garages so i cannot split lots without building garages and lot is too small for that, The...
Trey Browder
Commercial tenant is requesting trash service of store front cans
We have an eight unit commercial strip center with mixed-use tenants including retail and restaurant. One tenant is complaining they are constantly having to remove trash from the parking area and along the store fron...