When you first buy your multifamily property, what do you first do?

Upgrade or remodel the property if needed?

Raise the rent?

Kick out tenants in some units to remodel?

What if there are tenants with contract l...

We had water damage for about two weeks but acted on it too slow. There might be mold growing on the drywall and the remediation company recommended mold remediation. It's a SFH with two beds on the upper floor (away ...

Hello all,Just have a quick question regarding a security deposit for my property. I had a lease set up as a probationary period that was split up into two 6 months leases. One of the 5 tenants is not renewing the 2nd...

Hi, BP Community!My wife and I (we're from NYC) and fell in love with a house in Long Island, NY, that we would like to purchase—with financing, in case this matters to the discussion—as a summer home for us and our t...

I just bought a 600 square foot property and I got a quote for $8500 to completely gut the interior and basement (Plaster walls/ceilings, cabinets, bathroom, trim, some carpet, and a few rotten walls, bathroom, and dr...

I think it's criminal. It will be the direct cause of many, many deaths, especially of the elderly. A man from the British parliament was on tv the other day and stated that in the U.S. a man with early prostate can...

Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...

Good morning all, we just bought a triplex in Phoenix which was fully occupied about 2 months ago. We assumed the lease of  the 3 units, rent collected is way below the market average but we thought we will bear the l...

For most of my adult life, I was a renter and I noticed sometimes landlords would do some sort of "maintenance inspection" once a year, sometimes multiple times a year and sometimes, never.  As a new landlord in Cleve...

I recently posted an article about protecting assets and figured I can share it here as well. Below is the article. Enjoy!
Investing in rental properties has tax and wealth building advantages. Like any other busines...