We had heavy rains for the first time since we purchased and rented a property to tenants. The roof leaked immediately above the tv and it was ruined.  We’re having the roof repaired, of course.  Are we obligated to r...

How much do you put back in reserves for your properties on average? I know each situation is different. 

Hey all, I plan on speaking to a handful of contractors today.What do you all expect the average cost of adding about 500sq ft to a single family cost around the Pittsburgh, Lakewood, Grant park areas essentially sout...

My possible roofer, for my 2 story tear off, would like for someone else to do the soffit repair under the roof, its bad and has come apart in many areas. How would using two different people affect this job?....Shoul...

I'm confused how using setting aside a percentage of rents for repairs makes sense.  And where does that number come from?  A $600/mo rental and a $2500/mo rental may have the same reroofing or repipe or mainline or H...

I am just starting to look at my first properties with my girlfriend and we stumbled upon a listing down the street for a duplex being sold as an approved short sale. We are determined to buy a small multi-family prop...

Sharing an example of where reserves come handy. A few weeks ago my rental property experienced a power surge that fried over half of the major appliances (HVAC, range, DW, etc) in every unit. Repair costs are ranging...

I have a property in Jacksonville, NC that suppose to close this week. The county is evacuated and the closing day is delayed. The house is a flip, so I'm not sure if I had any kind of insurance policy on it. Can I sc...

I try to follow the guidelines, but we do buy some homes that don't quite follow the 1% or 50% rules, and we're ok with that.The rule I'm really wondering about now is one I just read in a recent thread.  Someone said...

How much cash do you recommend having in reserve for rental (SFH converted to a duplex)? The house is old, 1916. The roof is new, and the furnace & AC is 2011.