So, in Ohio we are experiencing torrential rains - in 12 years I've lived in Lima, I've never seen rains like this...specifically in June!This pig is currently empty. There was a family of 3 in the house at a rent of ...

I am using the BP rental calc to evaluate properties for potential rental performance. What numbers is everyone using for their expenses?I am using:Vacancy- 6%-8% this gives me one months rent at 8% or just enough to ...

I moved to DFW in 2005 about a year after law school and immediately purchased what I perceive as an expensive house. I spent way more than I should have and bought way more house than I needed. Like many people my...

Another avoidable situation. This woman squatted for a year and it was NOT related to COVID in any way, yet they couldn't evict her. When they finally do, she's apparently gained a sense of established entitlement (wh...

I recently received a call from someone about a house I have for rent. The call was from another state. In the past, I didn't receive many out of state calls because people were leaving Michigan by the truckload and f...

I am staring renovations on a property this weekend.It's only a 1400 sq ft house in good shape and requires cosmetic fixers.I'm planning to rip up the lino and carpet and install tiles and repaint the entire interior ...

One of the things I always try to be conscientious to is herd mentality. Recognition of herd mentality and the pure luck of a well timed divorce kept me from investing in real estate in 2007 and waiting until 2008 wh...

I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...

Hello BP!  I've been a pro member for about 6 months now and am proud to announce that I have officially closed on my first deal - a duplex!  The gameplan for this thread is to chronicle my progress through the rehab,...

I have a tenant that his moving out of a rental this week and asked my property manager when they will start showing... they just informed me that they won't show the unit while the corona virus issue is going on. I o...