WSJ: https://www.wsj.com/real-estate/eviction-phoenix-constable-1...PHOENIX—On a recent afternoon, Rhys Torres crossed a partly shaded courtyard to a white stucco building. He tapped on a door and a woman in a fleece...
I have 4 long term rentals in another state. I have a decent property manager. I am interested in converting them to short terms buy my manager has no experience with this, although they are “interested” in getting ...
Dear Pocketers,
How do you harden / bullet-proof your rentals?
While I've never had anyone utterly trash a rental of mine, I've seen the damage they can do first hand (typically when buying the rental and seeing ...
I have a question for all of you BPersI am an active buy and hold investor and some months I ask myself why am I doing this again?I believe I do this because I do not have a clearly defined WHY to look to during those...
I'm dealing with a nightmare tenant! This tenant has been late with rent for the past several months (even later than my five day grace period). Rent was due on the 10th of this month and of course it was late. The fo...
I have a single rental property and have had no issues. I am looking to purchase my second, but would appreciate some advice.For my first property I asked for advice from a property manager who recommended purchasing...
Hi all! So I have a tenant living in a single family house. Apparently there is a terrible sewage back up in the basement and it's going to cost $4k to remedy. She never reported it to me or my management company but ...
I'd like to get some opinions on debt. I'm 23 and have 6 figures on school loans, which don't bother me a bit, matter of fact I refinanced them from 12 to 20 years to free up cash for REI (cutting my interest in hal...
Tenant and his wife filled out a rental application 2 weeks back. I gave full disclosure that I will preform a credit and background check. When presented with this information he explained he had a felony 7 years ago...
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...