I got my list of items that the property manager recommends repairing today. Most are paint/patch/caulk and window screens. This is a long distance home so I am not able to manage it myself. The total estimated cost s...
What sort of insurance coverage should I carry on our rent house? The appraised value of the house is $54,500. Our current insurance is charging us $1,053 for the year and it covers $119,000 for the dwelling and $119,...
The tornadoes missed all of my properties down here in Dallas, but it got me thinking... If the damage takes off the roof, one of the walls or something and makes the property unlivable. Who pays for what?
I get los...
I'm just curious how some of you experienced property owners determine how much liquid money to keep on hand for a given property, if there are important reasons to keep that money in a separate or LLC bank account, etc.
I'm hoping some Southern investors can chime in on this one...
I'm currently in the process of rehabbing a house with the intention of flipping it. The house has a wood burning fireplace and the chimney is le...
I am working on a full renovation. I have a GC, and he's gotten the following permits: Interior Demolition, Alteration/Building, HVAC, Plumbing, and Electric. Initially, I didn't have a lot of exterior work scoped out...
1. How much cash would you recommend having in reserves before buying a STR? 2. Also, would you ever recommend getting a personal loan to cover the down payment or renovation costs?
Hello,My PITI was $3200 and now suddenly increased to $3700 because of a recent property tax rate increase. Property tax is a whopping $15000 per year now not based on assessments.I make decent rents close to $5000 wh...
Hi everyone! I purchased my first duplex last May and am house hacking it. I have learned a ton over the past year, and have been bitten by a few maintenance issues that have cost some big $$. Since I am only a year...
I am about to start turning a property rent ready and have a deck in the backyard (see pictures below). I am trying to decide if I should keep it as-is or remove the roof. A covered deck is nice in such a hot climat...