Hello BP,I recently analyzed a couple of apartment deals and asked two PM companies to estimate expenses on these properties. The numbers were different, of course, so here is the question:If I use a higher number in ...

I wanted to know the differences or extra costs involved in converting a multifamily building into a STR. I was wondering why the STR numbers on the property I am currently looking at are so much better than the LTR n...

Hi all,Currently reviewing an opportunity for an RV park.  Mixed between long and short-term.  Amenities, pool, Office, etc, near major interstate exit.  How should I be reviewing expense ratio's and assumptions on la...

Hi guys,

My tenants has been living in the house for over 4 years now wants to upgrade the carpets, install new blinds and repaint a few rooms.

She offered to pay for all of it as there is technically no reason to c...

Hi all. I'm currently a high-schooler looking to get started on my asset portfolio to build passive income streams early on in life. I don't have an income, but am looking for a job soon. How can I get started in real...

When figuring in a property management expense is it necessary to also include an expense for lawn care, snow removal, and garbage or are those things that the property management company takes care of? if so are ther...

Hi, all. I manage a few properties for others using an LLC and have a few tax questions. All answers are appreciated. I'll use one property with round numbers as an example. The tenants pay rent to my LLC and my LLC p...

You guys helped me a lot in my last topic on bank account.So I was wondering if you would be please so kind and help me out again. So, question is for professional property managers who have more than 10 properties......

Hello BiggerPockets Community. First time blog posting and I could use your advice! Your insights and comments will be appreciated!
Here is my situation:
I own a condo in NY (Queens borough) since 2002 that I’ve liv...