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We purchased our first Investment property, and it was a decent 4 unit deal. The seller, a realtor, was asking $99K, we offered $80K, and landed on $86K. Marker value was ~$108K. After our repairs and improvements,...
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Hey there, I was looking to get opinions on installing gutters on my rental properties. Do they add value to the house at all or have any other benefits than just rerouting water?
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Hi, I am a relatively new Real Estate investor. I know that many investors form an LLC in order to mitigate a potential liability in case of a lawsuit. The question is – is there a type of insurance that covers/mitiga...
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Hi Everyone, I am aware Colorado law prevents landlords from charging the tenant's security deposit for the time the landlord spends on repairs (though they can charge materials). My question is, can I pay my husb...
Hi all,I just acquired a 4 unit property that came with a coin laundry setup and a 5 year contract that started in 2016. We're taking the property off rental market, renovating and plan to use it as short term vacatio...
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Hi I was wondering what would be the best way to prevent a house from flooding other than not buying a house in the flood zone. There is a house in the north suburbs of Chicago in a amazing school district, but its i...
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Hi all, I'm looking for any legal advice and feedback on going through CA small claims court. In short, our upstairs neighbor's toilet valve broke due to wear (suspected from manually twisting it to stop water flow), ...
Hello BiggerPockets community. I own a duplex and live downstairs. For a variety of reasons, I am wary of the upstairs tenants shutting off power to the property using the breaker box in their unit. What can be done i...
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BP Community:I recently received a call from my property management company stating the heat went out in one of my units. After a thorough investigation, the HVAC contractors determined there is nothing wrong with the...
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As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...