David Krulac
Gross Rent Multiplier not to exceed 8
Just read an article today saying that you should NEVER buy any income producing real estate that does not have a Gross Rent Multiplier (GRM) of more than 8.iow, A property renting for $1,250 a month, or $15,000 a yea...
Alfath Ahmed
What do you guys look for in a lead to qualify them as a hot prospect?
Typically, I will call a skip-traced list with potential candidates that have 2 to 3 motivations (Divorce List, water shut-off, tax abatement, etc). My mentor taught me that a lead should have these 4 pillars:- Price ...
Jen H.
Oven not working properly
Hi!
My tenants have complained that their oven seems to have stopped working properly. They said It turns on and produces some heat but not enough to actually cook anything. Also a couple of the burners won't light ...
Eric Benzenhoefer
Need an Example of a 1 line drawing - Electrical
Howdy BP,
I need an example of an electrical one line drawing for our commercial building permit (11-plex). If you have one that has passed through a city (preferably Pasadena TX), I would like to look at it...
Brad Penley
Switching to coin washing machine and dryer
I’m the landlord for a duplex in San Diego, CA. The electric washer and dryer are on separate water and electricity in a detached garage. I’m looking for ways to cover the expense of the water and electricity and I’m ...
Gretchen P.
Heating options in a rental house
We are remodeling an 850' house that will be kept as a buy and hold. The house currently has old/broken electric baseboard heaters. There is no gas or ductwork. As you can see the bedrooms are very small, making place...
Andrew M.
AirBnB - Excessive AC use
Anyone have suggestions for strategies that could help elevate excessive AC use at a vacation rental?Aware of any split unit system that has a motion sensor accessory that would turn-off system when unit is vacant?We’...
Joe Vastola
Am I Analyzing Deals Correctly?
I have started analyzing a bunch of SFH deals with the help of the BP calculators but almost all of the ones I have done (10+) have come out producing negative monthly cashflow. I want to make sure I am using the tool...
Ryan Schaidle
Solar panels on rentals
I’m thinking of putting solar panels on my rental but on the 9 storage units, not the duplex itself. Any suggestions?
Pratish Halady
How to handle leased solar system on rental property?
Hi Everyone,
We are looking to buy a property for rental and it's great except the seller obtained a solar panel from Solar City (SC) through a lease. The seller discounted the price of house a bit but asked us to tr...