I am thankful to the awesome community here. I had few hiccups on my first property purchase and during renting it out. I would like to share it to the newbies. Some are my lessons learnt and some are just observation...

Does anyone know if I need to open 3 separate accounts for my triplex tenants security deposits, or can I put all 3 into one account?

Happy New Year once again everyone. Hope everyone had a safe and great one. Wishing every one an even better year in REI and every other goal you plan to acheive in 2014.

Just wanted to know how do these numb...

Hello all,

It's been busy last 5-6 weeks getting rehab done on couple of my multi-units and getting them rented out. It's been a great learning experience. I just thought I share with the group some of the things I l...

Which would you choose?

We have a small house that we are completely gutting. We will be changing the floor plan, redoing the plumbing and updating the electrical, so we can choose either gas or electric for ...

Is it better to rent to someone with a section 8 voucher or rent to someone without one? Rent would be the same for both.

I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

Can anyone help me with my situation? I have had a a commercial loan on one of my properties since 2017. I was told that I was getting a 15 year amortization with a 5 year balloon. The balloon payment is due in the ne...

Hi folks,
I received an application where 4 people who work at the same office would like to rent my SFH. They all applied. credit scores are low but combined income is much greater than rent. No criminal or Eviction...

Hey,
I have a tenant who seems honest but i asked her for a copy of the security deposit check that she will get back from her previous landlord. She told me she gave cash and she is getting back cash, and didn't wa...