Ryan Standage
Understanding the 50% rule
I have been reading up on the 50% rule, and i am trying to understand it fully. My previous method of calculating expenses only adds up to a mere 35%
my old way includes
Property tax x 12
Mortgage insurance x 12
Re...
Darren Berg
Estoppel Agreement - Need some ADVICE!
I am buying a duplex that is 1/2 rented. For the unit that is rented I am giving them an estoppel agreement. My question: In the original lease it states to make payments via check or money order to the Property manag...
Robert Kohnfelder
Tips & Tricks for Higher BRRRR Appraisal?
Hi All,
As I enter the rehab phase of my latest BRRRR (Pittsburgh PA), I'm always wondering what we can do to add value to the appraisal when it comes time to refinance in a few months. I am looking for any tips o...
Kaven L.
Should a PM walk the property before dispatching a plumber?
We pay a PM to manage a SFH, and this past week we received a $1k bill from a plumber for fixing the washing machine drain pan. I'm a little frustrated because from the plumbing bill I don't understand what exactly wa...
Allen L.
What are some scheduled maintenance work that's worth the cost?
As a rental investor, especially someone who invests remotely, I only hear about the condition of a property after a tenant's departure. Usually, the make ready is cosmetic, but I'm often concerned about structural is...
Matt Ingram
Help analyze this Quad in DC
I'm new to real estate and found this 4-plex in DC that I'm analyzing. The location is 0.4 miles away from public transit, a university, and bars. I'm unsure about maintenance estimates. The apartments have been renov...
Zack Kolb
25+ year old appliances working fine, replace them now?
Hello everyone,
This is my first BP post. First of all, thanks to everyone on the site for the info, it is a great help.
I am just about to move out of my townhouse, into a new property I just purchased, and rent o...
Mason B.
too good to be true? What am i missing here?
Hello from Chicago, New to real-estate and potentially interested in starting with multi-unit properties here in Chicago. I been doing some light searching around and found some pretty impressive numbers with relati...
Jacquelyn First
Should my tenant buy their own fridge?
I’m 26 and have very little life, let alone real estate experience but I was able to buy my first single family home with my dad going in 25% in Southern California’s high desert.My dad owns one other home up there an...
Courtney Adams
Appliances in a rental
What is the better option?1. Furnish your rentals with appliances (fridge, stove, washer/dryer) and assume responsibility for when they break2. Have tenants be responsible for appliances and therefore they are respons...