Brian Knapp
Transitioning Primary Residence Into Rental
Hello,
I will soon be moving and we will be transitioning our current primary residence into our first rental property. The property we will be transitioning is a 2/2.5 town home in Boynton Beach, FL.
My first few ...
Andre Brock
Good questions to ask out of state property mannagers?
Hey guys just creating some dialogue but if you were going to buy and hold in a new market what would be some great questions to vet a property management company? looking to line up some possible property managemen...
Tim Jones
Successfully Purchased 2nd House using Rent by the Room
(I just posted this as my first blog, but it's my first success story also)StrategyRent by the Room (RBTR) allows me to maximize the rental income from a home, while still having long-term tenants on leases. Instead o...
Himateja Madala
Tenant with holding rent for repair
Hi All,
I own a rental property in Wellington managed by myself remotely from CA. I have been having a difficult time finding reasonable handyman in the area.recently i had new tenant move in and she found some issue...
Nathan J.
Should Property Managers charge an additional fee to find tenants?
Hi all,It seems some property managers look to charge one months rent to find a tenant, on top of the 10% of rent collected. Is that normal? It seems that a property manager should be incentivised to keep tenants long...
Katherine Bernas
How much should I pay a renter's realtor?
Hi all,I have a potential renter who is using a realtor. I'm managing my rental house on my own, from listing, to showing, to background checks, and contract signing. My question is, what is a fair commission to the ...
Dave Shutack
New to BP and looking to invest in Chicago multifamily.
Hi All,My name is Dave and I'm hoping to learn everything I can about getting starter in real estate investing. I stumbled on BiggerPockets.com in my pursuit and have really enjoyed all the great content and community...
Chris Wood
Do I need a mentor? What to do next.
I have studied a lot on here and have looked for a good mentor who eventually wants money out of me (which is not a big deal except it seems large like 5-10k). I don't mind paying for a education but dang. Is this w...
Atul Mohlajee
Is it better to give first half month free to rent units
I have four vacancies, an SFH, 2 Flat, and a condo for a month. All units are rehabbed/prepped for renting and show well. started at high rents but have reduced rents to average in the area of Forest Park. just a f...
Adam M.
Expected IRR on smaller MF value add
Curious as to what IRR you look for in a value add MF. I spent an hour or so building a model with some guestimates. Kinda curious how far off I would be. With no rehab I estimated the IRR to be 12% and w/ rehab 22%.H...