Sam Liu
Convert a STR to MTR/LTR
I have a STR house in a resort town, but the city’s new stricter policies have really cut into my revenue. I’m thinking about switching to MTR/LTR with furniture included. In this area, people usually rent for 1-12 mo...
Andy S.
Repair Deductible Charged By Landlord
For my rental in New Jersey, I have set a deductible of $60 whenever I make a visit to do any kind of repairs for the tenant. For example any water leak, of the contractor charges me $250, out of that $60 tenant pays....
Paul Sandhu
Do you ever respond to your competitors ads and act like a renter
I saw someone put up an ad on CL for a furnished house about 35 miles away from my town. It's pretty obvious that they are new to this. She's charging $600/week for a Tiny Home (480 s.f.) I sent them a message Satu...
Vidit Maini
Cracks Appearing in Condo – Normal wear and tear OR Structural Concern?
Hello Friends,I own a 1982-built ground-level condo (one unit above, one below). It was renovated in 2017 and rented in 2022 with no issues. Now, three years later, my tenant reported cracks in every room—paint cracki...
William C.
Inherited tenant of 30 yrs wants me to renovate?
So we inherited a tenant who has lived in the same unit for over 30 years and the place smells like feces, urine, among other things. Shes an older woman in her 90's who can't really take care of it herself, and cle...
Gayle Eisner
Renting out Rooms in rental property - students
Hi:I just bought a rental property a while back and it is now vacant. My daughter is a college student and she asked me if she could rent a room in the 3 br house and find other students to rent the other two rooms. ...
Chris Skjolsvik
Feedback wanted on my first SFH flip analysis
Hi everyone,I've been reading, thinking, getting excited, getting nervous, etc about getting into real estate investing for almost a year. I've been attending local club meetups, created an LLC, have a partial team (...
Cary F.
REI Competitive Advantage - Is Serge Right?
My fiance and I are under contract on an incredible double around Cleveland, Ohio (Lakewood). I'm an economist and have a business background and found what Serge said about competitive advantage to be very compelling...
Account Closed
Is retiring on $500k in rental properties realistic?
I've been thinking of buying rental property for a long time but am just now getting into it more seriously. I've read that 8% is a realistic and fairly conservative cap rate, so it would seem that someone could retir...
Scott W.
Can BP get RobK to agree to a podcast?
It would be the best podcast ever! Please...make it happen!