Konrad L.
MF Insurance: Actual Value vs. Replacement Value Opinions
Hello Everyone,I will be closing on my first MF investment property in about two weeks. One of the things left is to pick out homeowner's insurance. I've been shopping around and have gotten different quotes for Rep...
Yuvaraj Vimawala
How to handle emergency situations with tenants (AC issues)
Hi fellow landlords,This year I have been particularly lucky to have 3 AC units blow up and 2 properties have flooding due to sewage back up in my properties (all SFRs). I wanted to ask the experts here if there is a ...
Justin Marcellus
1st Rental in Central Texas
We will be renting our 1st SFR in central Texas. I am a little anxious as in where we could find/consult on a lease agreement. I've downloaded the application off BP and plan on using it, but not real sure where to s...
Engelo Rumora
Is Turnkey Dead? ☠️
G'Day folks,I've been in this scared niche called "turnkey" since 2014.There are many battle stories and wounds to share but we are still chipping away lol3,000+ investor calls over the last 10 years and I feel that o...
Aaron Lietz
Wholesaling is like the music business - CHANGE MY MIND
Let's say you're at a music store one day, looking at guitars, amps, drums, and the like. A salesman (who also happens to be a guitar teacher and successful musician) begins talking to you about starting a band. He me...
William C.
HVAC broke a year after I sold, Buyer wants me to pay?
Long story short, we popped the top on a rancher, and rebuilt the home from the ground up. The GC hired a professional HVAC that he works with on all projects to install the HVAC. The day after settlement the buyers...
Jamia Stevens
What to do if you don’t have enough money saved for down payment?
I’m just starting out and I was trying to get a preapproval letter so that I could know what price range to start looking in. I was told that I should save up $10,000 before I even consider getting a preapproval lette...
Chris Purcell
Do you raise rent on good tenants?
My theory is if a tenant pays on time and takes care of the house, leave the rent alone until they move on and then adjust it for a new tenant.Have heard so many times from friends where their landlord raises it and t...
Slavik Lund
Example lease FROM ALASKA
Hello,
This is to reply to a previous post as well as information for others. This is the lease that I am going to use when the previous lease expires. It has been revised by my attorney. All comments, concerns, o...
Bienes Raices
Water heater -- depreciate, or treat as a repair?
I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repa...