Frank Agyeman-Duah
Water and Sewer bill going up every month
My tenant lives with her two grown up daughters who may be in their 40's. Tenant notified me about 4 months ago that her grand daughter and her son will be joining them for two months. The grand daughter and her son h...
Elford Stephens
Help!!! Tenant moves adult daughter and grandson into 1 bedroom
Hi BP,We are new to property management. We took the leap last February and purchased our first duplex. There are two one bedroom apartments. The downstairs tenant is an elderly lady. Per the previous owner, the ten...
Travis Elliott
Help me spend $600,000. Looking to buy multiple units and I need a good strategy
Hi guys.A little about myself. Some years back I sold a business. I got a lump sum of cash down and then I carried the contract for the remaining portion. More on that soon. I retired young and moved to Asia. I now ha...
Pete Nater
an old boarded up, built in 1880, total gut house for $200K where the ARV is $710K in Long Island, NY
Attn Rehabbers: In general would the average experienced rehabber deal with an old boarded up, built in 1880, total gut house for $225K (topic says 200K but it's 225K) where the ARV is $710K in Long Island, NY? ne...
Isaac Hayes
Retirement Account 10% Penalty to Access Real Estate
I plan to purchase a four-plex in Columbus, Ohio within the next two months. I had planned on liquidating a standard brokerage account for the down payment. However, because I plan to retire and live off passive incom...
Taylor Vaughn
Expenses Per Unit
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
Richard A.
How do property manage companies, manage to scale /profit?
I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000. Someone can manage 10 properties alone but still you are only pulling in $...
John Chea
First time landlord with first lease renewal agreement.
Hello everyone, I am a new landlord in Michigan and the time has come to renew my first lease. So I've come here to learn and gather any suggestions or comments on best practices on how to do this. A few questions I...
Account Closed
Rentometer vs. Zillow
When I compare my condos to what other apartments/condos are asking, rentometer is very low. I do believe it gives you an average of the general area, but I'm finding it can't gauge accurately sometimes for a couple r...
Robin Simon
Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?
What are everybody's thoughts on Multifamily DSCR Loans? We are thinking that things will heat up here this year as rates have trended down towards reasonable levels again. Recent article:In the past few months, we ...