Please excuse this bit of a rant that I am about to go on, but I feel there are some things that just have to be said to newbies (and oldies) when it comes to the basics of business.  If I miss anything then feel free...

Hi,Im looking at a 5 unit. Asked agent for financials. to SEE if what they say they are getting for rents are REALLy what they are getting.Agents answer: no but its a no brainer, its a money maker. Really?I did this t...

I found this late last night in a chat room where Airbnb hosts talk about their "experiences" with guests.  This one appears to be a letter written by a host directly to Airbnb.  I'm guessing it went unanswered and th...

Hello BP,I've been a BP member for years but haven't posted anything until now. I'm honestly slightly skeptical about the type of responses to 'dumb' questions that I as a novice will undoubtedly ask will receive. In ...

I have a belligerant tenant whose lease expires June 30th.  He sent me this message. in response to the lease renewal letter I sent him. "you cant legally ask me to pay 1/3 of the electric in an illegal apt. not leavi...

Hello everyone!!! After months of reading blogs and listening to podcasts, I finally decided to take that first step and introduce myself *wipes forehead*. My name is Angelique and I'm from New Orleans (well really th...

I have a property in the pipeline and need some help with.

The property facts:
1. Cape Cod estimated $130K/ Owner thinks $140K what the home owner would like to get $70k out of it.
2. It is a property in probate
3....

"Buyer's/Seller's market" defined by months of inventory.I believe it is best to buy in a seller's market, and sell in a buyer's market.My reasoning: months of inventory creates price pressure.  Low inventory causing ...

New tenant is looking to a get a fully grown dog (20 lb) in a couple months - the space has new floors. With a new dog you can't really tell how well behaved he'll be or if he'll act up. How much extra security deposi...