Hello BP members,I want to ask about providing storage sheds to my tenants. Is it a good idea to install a storage unit for my renters? I'm looking at 3ft×5ft storage unit to each of my units. I'm just trying to ma...

Hi can anyone explain to me how the refi strategy works and has it helped you guys and how can I go by doing it ?

Newer out of state investor here: After interviewing a property manager for an area I want to invest, they charge 1/2 of the first months rent for tenant placement. Additionally, they charge the tenant for the applica...

Hi everyone! How do you all handle your late fees? What day do you consider late? How much are you charging? We enforce a late fee after the 5th, at $15.00 a day as of now. I’m curious how this works for everyone else...

In the BP tools, management fees are calculated as a percentage of gross rent (Gross rent x management fee %). Shouldn't it be a percentage of gross rent after accounting for vacancy ([Gross rent - expected vacancy] x...

How much is a typical fee to get an estimate for repair cost from a contractor?

Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...

I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly pa...

Hello all!I am currently in the process of obtaining my real estate license and boy is it eye opening the initial out of pockets fees you are required to pay (licensing fees, testing, fingerprints, etc.)What I’m curio...

We hired a plumber (that we have used for years) to fix a tub spout leak and toilet repair. They fixed the toilet with no problems. They installed a new cartridge for the tub but it was still leaking. Said they would ...