William C.
$10k in water damage caused by tenant. Advice on how to handle.
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in ...
Tim M.
Offer made - then owner filed bankruptcy
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...
Erin Sather
Recommendations for Rent Collection in Self Managed Property
We are purchasing a quadplex in Colorado and will live in one of the units, which is making us lean towards self-managing the property as we will be on-site anyway, have no problem cleaning toilets/general handyman wo...
Brandon Ja
Late Fee policies
Good morning everyone. New to rentals and it’s been 20 years since I have rented a place myself. Looking for ideas on how to structure my late fees and what you charge. Do most people charge a set amount or is it b...
Jonathan Guerrero
Screening tenants/handling paperwork
Hi everyone, my name is Jon. I hope everyone is well. I am a newbie with my first ever property under contract. I wanted to be preemptive and see if anyone would be willing to give advice on how experienced investors ...
Spencer Dillinger
When to hire property management?
I am looking to purchase my first house. I often hear the advice that you should hire a property management company. Is it possible to still make positive cash flow on a one to two unit home using a property manager?W...
Mary Ann Casey
OH Property Management Contract Question
I just received an updated contract from my Cleveland Ohio Property Management company, and I'm taken aback by the additional fees that they have added to the previous contract. Thinking of changing property manageme...
Geoffrey Jones
Buy and Hold Deal Analysis in Texas
I have under contract to purchase 2 properties in TX. Here are the two properties21530 Greengate Spring TX 77388ARV: 200000Price: 140000Repairs: NoneRent: 1800http://www.zillow.com/homedetails/21530-Greengate-...&...
Shaniqua Dupree
First Deal... Offer submitted (15k)
Here are my thoughts. Am I on the right track? Am i missing anything. Do i need a realtor? I have a title company.Well i have a plan for this home i want to purchase. I submitted my offer today for 15k and was told th...
Lucas Schneider
Keys to purchasing the right turnkey?
Weighing the options of buying turnkeys due to a full time job taking up the entirety of my work week. I’ve heard a lot of bad things about turnkeys, but there has to be some good to them.