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I am looking for a new property manager. One of the candidates has asked me to sign a power of attorney giving him permission to make Realestate transactions. Is this normal? thanks in advance!
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Background
- Location: Bay Area Peninsula
- House Price: ~$1M, Mortgage $700k
- Rent with similar square footage: $4000/month
Running the number, it looks like it marginally break-even.
But I re...
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After talking with a few potential sellers I can't help but ask myself, "Is it better to let them know you're a real estate investor or a normal person who is just looking for a house?" I am not trying to mislead any...
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I’m looking for a 2-4plex to house hack in Chicago and most of these buildings are at least 60+ years old. Is this normal for Chicago? I don’t want to have to constantly deal with breakage. What would you advise?
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Howdy BPer's,My wife and I just finished hosting our first tenants in our MTR. Really nice folks, however there was some very minor areas of abuse that we noticed; missing sheet, pen stain on the comforter. How nit ...
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What is the normal broker fee in Illinois when selling a house?
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When your a real estate agent, do you recieve commission when purchasing a home from your own broker?
My wife and I have spent the last week and a half cleaning a rental of ours. What is a reasonable rate that can/should be charged for cleaning required to return the unit to rent ready condition (minus normal wear and...
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Hey BP,Does anyone have any experience with tenants having hamsters? I have a tenant that would like to have one, but I have no clue what (if any) problems are associated with hamsters.We allow pets with a pet fee, bu...
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I'm interested in opening a HELOC account on my rental in WA to fund my next deal. The rental property is owned free and clear, so I'm looking for a LTV >= 75%. After asking around, it seems PenFed is the only bank...