Real estate investing can be an incredibly lucrative venture, providing the opportunity for savvy investors to build wealth and secure financial stability. In this competitive market, it's crucial to stay ahead of the...
Would a month's rent for 2 adults living in a property be adequate Security deposit? (I plan on raising deposit by $500 which is 1/3 of month's rent for each addtl adult, such that 2 adults = $1500, 3 adults = $2000 d...
I just finished BP podcast ep. 48 and the guest gave a lot of good advice, but one piece he gave that stuck out is that he buys durable materials that aren't just "trendy". They withstand the test of time financially ...
It seems inevitable that the Republicans take control of the House, and likely gain many seats in the Senate.
This type of situation is called "grid-lock" becuase both parties can essentially keep each other from get...
Hello BP Community and Property Managers,
I'm planning to take over as property manager on one of my rentals and I'm looking for input for a smooth transition. I currently have a property management company and I'm l...
I have a property in Lakewood, WA and started renting rooms out in a SFR/1824 sq ft/3+ bed/2 bath. The property is a rambler with a large living room addition (which includes the other bath) that I converted into a s...
Hi Everybody!My tenant asked to be let off of his lease 2 months early and I decided that I want to sell the property so I offered them the deal that if they paid 1 of those 2 months (~$1700) and allowed us to start m...
What does the BP community think about assessing tenants a $25 fee for any contact they leave on your management hotline. A "response" fee. Any time they call you bill them $25 UNLESS it is to report water or fire dam...
A bit of an unusual situation. I am in contract for a condo in Miami Beach and planning to close on Sept 23rd. However, with the Hurricane Irma, it is going to impact my investment as it is going to find tenants (shor...
I had a not-so-great start to the new year - frozen pipes and flooding at one apartment complex, and a fire in another building.As I was fumbling through what to do with the aftermath of the fire, it got me thinking t...