I have lived in an older duplex, in the country for over 4 years now. My landlords are coming over to talk about me purchasing the building this evening. The property was assessed at 105K this year. My landlords threw...

So I have an accepted offer on what will be my third rental property. But this is the first I've purchased with the explicit plan to keep as a rental.

Background: The first rental was purchased back in 2006 a...

Big dilemma on best practice or most efficient way to charge "rent" on tools/equipment that one partnership owns that will be used for remodeling/maintenance work on other partnerships with different owners. Let me re...

Hey BP'ers,A few questions about the amounts you are saving every month for maintenance, vacancy, & cap ex.1) How do you keep track of it?2) Do you keep it all in one account? 3) What do you do with your excess (i...

Getting ready to take a trip through Italy.  Thought I would spice it up some.  Who knows, maybe even write-off our trip, after I talk with my CPA and schedule a visit with one of you.  Most of Europe is bare ground f...

A customer of mine mentioned she is selling off all of her properties as she is 80 and looking to enjoy the rest of her life task free. 
My wife and I are going  to look at one of those properties this week but don't...

I purchased a property in Miami Dade a few years back. A year after owning it, a new tenant moved in and when she tried to turn the water service on, she was told there was a lien for unpaid water. The water company w...

I picked up a 2 unit multi-family property. Unit 1 is a 1bed/1bath. Unit 2 is a 3 bed/1 bath. I've accounted for me paying the water and sewer in my numbers but have also had others recommend I pass this cost down to ...

Hello all, I need some urgent advice on how to handle a situation that i am currently in.The situation: I own a townhome in Tampa, FL with tenants that have been great. They informed me of a plumbing problem on Friday...

I've done one deal so far.  A duplex.  I'm really looking to scale quickly with small (10-20 unit) apartments now.  I've seen how costly repairs can be from this duplex, and I wanted to know from others, is there a mi...