Monica Johnson
Coronavirus and your tenants
I wanted to put this out there to my fellow landlords that we should check on our tenants right now. The school closings could be devastating to some especially single parents with young children. I say this as someon...
Bret Weigel
Attic Insulation on Rental - Install or not?
Hi all, I had some tenants move in last month to a 3/2 SFR (I just closed on the property a month prior) and I really like them a lot. Good people. Anyways, the first day in, we realized the hot water heater needed re...
Isiah Ferguson
ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
I just found out the AC unit needs to be replaced. The unit is 30 years old prior to the tenant being evicted it seem to work good. I got a quote from the ONE HOUR ac contractor and he said it'll cost 6k-8k to replace...
Jan Kutrzeba
Gut or sell my SFR that has constant maintenance issues?
Hi BP,I need your advice on whether I should get rid of my problematic out of state SFR rental property or take a loan to gut it.It’s a 120-year old 4br 1ba SFR in a not-so-good part of Allentown, PA - very typical to...
Ki Lee
Property Management is ripping me off??
Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...
Daniel Bryant
Lets settle this once and for all..
A house in (random B class neighborhood) the midwest/south costs 100k and rents for 1200.00 a monthA house in (random B class neighborhood) NYC costs 800k and rents for 2500-4000 a month.Why on earth would anyone wan...
Mike Girard
Contractor using green board for shower
My contractor's crew began tiling the bath/shower surround today. It was such a mess I pulled it all off before the mortar could dry resolving to at least get it properly started myself. In researching tiling, I learn...
Art Maydan
Insulate Attic in House Hack?
The duplex I’m house hacking has an uninsulated attic. It would cost me about $800 to do it myself. And the attic studs are non-standard distances apart, so I’m not even sure I could do it properly myself. I’m going t...
Alex Silang
Getting to $100M networth
Okay, now for a ridiculous, hypothetical question.What's away to theoretically get to 100 mil in net assets. Assume this is for a "young" person who has several decades to reap the rewards of salary, compounded return...
Corey Pascuzzi
Clogged drain from hair, tenant's responsibility right?
Sanity check here, I am not responsibly for a clogged drain due to hair from the tenants, right? Tenant just told me that the drain is clogged from hair and wants me to come fix it. Should I hire someone to fix and b...