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Hello all, I just closed on my first multi family property. The multi came with tenants of 10+ years. The previous owner only increased rent by $25 once in those 10+ years. Right now the tenants pay $750/ month plus t...
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It seems impossible to me to find deals that will follow the 2% or 50% rules in the Montreal region. Is it just me or the numbers should be different in our market ? What are the rules that work for you?
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Hi, BPersI have a single family house rental that is closing at the end of month. The house is located near the downtown of a small city and is in a safe neighborhood. It is a 4-side brick ranch with full basement. Th...
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Hi everyone. New to investing here. Have 2x SFR in Indianapolis grossing about $1k/month after PITI and management. I’ve been looking to expand and trying to find new deals. I’m out of state looking for cash flow buy ...
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My tenant decided to stay and sign another years lease. We (landlord) started getting a monthly bill in the middle of last year for this service. It is $4.70/month. We have paid for it up until the new lease starts. ...
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Hey BP,A friend and I are under contract on a quadplex and in our proforma have assumed a 10% management fee. However, we are projecting rents of $1,125/unit or $4500/month. With a property that brings in so much inco...
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Hello, I own a duplex in Saint Paul. Does anyone know if there is a restriction for charging utilities on a new lease? I am planning to start charging a future tenant for trash. There is a section in new control rule...
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Hi, i just bought a 1350 sq.ft. house 3 Bed, 2 Bath, and 2 friends (who are married) and i just moved in yesterday. We negotiated briefly on rent amount before i caved and said their initial offer of 300 per month...
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Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...