Mike Trzaska
Appraisal came in way higher than expected...what to do?
Hi All,I just got my appraisal back on my latest BRRRR and it came in wayyyy higher than expected....I know, good problem to have. Now I am faced with a decision, do I sacrifice cash flow and increase my risk exposure...
Account Closed
Where do i draw the line in saying yes after tenant screening?
Hello everyone,I have been getting great feedback so far so I decided to reach out for help again and post another question. I have screened my first tenant and after review i decided i wasn't really sure what an aver...
Account Closed
Creating a start-up with friend: confused about business structure
Hello BP!
My first post here, hopefully of many.
A friend and I have decided to start a REI business together in Florida.
I've been researching different business structures, and the amount of informat...
Jaylen Reed
Getting Started in Multifamily
Hi! My name is Jaylen and I decided to get started with residential and commercial multifamily. What are some things to look at first to decide whether something is a deal or not, instead of spending excess time on it...
Paul Cumming
Is this charge reasonable? Squirrels and HVAC
I just received 2 bills from my property manager in Memphis. $575 to trap squirrels (they caught 4) and $500 to "fix a fan. Fan was on low speed. Moved the wires to run on high. AC is now working as it should".
I don...
Julie Smith
Looks like tenant is on the road to suing us - California
Hey everyone. (sorry this is a long one) This is our personal home and is very modern. Lucky us, we keep getting these "professional renters" and I am just beside myself. First of all, we had a family move in 4 years ...
Tim Windhorst
Should I be worried? What would you do?
Hello BP community - I got this message from my property manager in Huntsville on Monday (yesterday):"This is the tenant at XXXX Apt. C. I got a call from Huntsville Utilities last night saying that there is something...
David Travieso
Tenants need to Vacate for a few day while maintenance is being done.
Good day BP family, Unfortunately, excess moisture needs to be dried out in the kitchen ceiling which is also the bathroom floor (great!). So the the only bathroom is going to be out of order, possibly for about 3 day...
Mikey Liu
Cost segregation and how to keep rental losses in future years
Hi all - I understand the benefits of cost segregation in year 1 and how you can front load the depreciation of the unit. However, in future years, isn't the depreciation much less? If so, then how can one still maint...
Spencer Krautkramer
Can Deductions Exceed Rental Income?
I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...