Stefan D.
Pittsburgh - Estimating Rental Property Repairs
How much do yinz budget for repairs and capex for single family rentals from the early 1900's in the Pittsburgh area? Rules of thumb such as 5% of gross rent for repairs, and 5-7% for capex seem optimistically low fo...
Diane G.
Need 17% cap to worth my while?
I am looking at this listing in Bakersfield, C class, 16 units, total monthly rent of $10K, asking $1.2M, claiming 7.75% cap... Now, if I apply the 50% rule, I get $5K net rent, which goes towards paying the mortgage,...
Nicole Almond
First potential flip! Deal or no deal?
I've heard that starting your realestate adventure with a house needing a complete renovation wasn't very ideal. With the numbers, however, I am somewhat interested in giving it a go.The house was built in the 1960's ...
Remmy Vernon
Help with Ozone Generator
After reading many post here on using an ozone generator to help eliminate apartment smells, I went ahead and purchased one.I have a unit that had a smell to it. Cleaned the walls, painted everything, replace carpet a...
Shannon Tidwell-Porth
Email Template for tenants preparing for colder temps
Hey Guys,Does anyone have an email template that they can share, to send out to tenants going over preparing their home for colder temps. Specifically dripping faucets, wrapping outside spickets, checking smoke detect...
Bill Sargeson
Water storage tank in basement
I wanted to see what you all thought of this. It might be no big deal but I haven't come across this before....looking at this house for a buy and hold and in the basement(basements are rare in this part of NC) sits ...
Ben S.
Heat issues at new 4-plex
I have a tenant that is going to fill an emergency tenant remedies action on me which means I have 24 hours to fix the issue otherwise they are able to force me to pay for a hotel for them or something like that. Thi...
Wes Short
Will STRs Produce the Same Cash Flow During Recession?
So I am still considering starting more AirBnBs in my town (Bloomington, IN) and was wondering what you guys think will happen to rents from AirBnBs when/if a recession was to hit. I know AirBnB was started during a r...
Selena Walsh
Inspection found moisture in basement... now what?
I am buying a duplex off MLS and just had the inspection a few days ago. The property is in decent shape for a 1950s era duplex. Many of the items the inspector pointed out, we had seen during the showing.... except ...
Sarah Jones
bp meetings in los angeles
i have been reading about older BP real estate meeting in los angeles... any BP meetings coming up soon so we can network and learn from each others experiences?