Jerid Meagan
Only $0.09 for every $1 of rent is returned to the property owner
With all the discussion about rent collections during the COVID-19 pandemic and shutdown, it's important to understand how one dollar of rent is allocated by the property owner. According to the National Apartment Ass...
Tosin Oluwatoye
Switching utility bills to tenant upon new purchase.
I am currently considering a 10 unit (5 duplexes) purchase where the current landlord is responsible for all utility bills and does not have a cap on usage written into any of the leases. Fortunately all 10 units hav...
Jeremy Segermeister
About to invest in first property - Rental deduction question
Hi All,I'm narrowing my focus and strongly considering buying a condo in Maui as in investment. This will be my first investment property. Two part question.I have two options for the mortgage - classify it as a 2nd h...
Luis Daniel Roque
5 best tips to flip houses
5 BEST TIPS TO FLIP HOUSES
Even though we are not in the real estate boom days of mid 2000s, residential flip investors are flooding the market even with a limited amount of inventory available throughout the US. In...
Simon Knudsen
Building from 1895 - how thorough should one be?
Hi everyone,I'm somewhat hesitant of buying a building this old in terms of not being able to discover all the "hidden" and perhaps critical issues that might be present. Besides having an inspector to go through the ...
Denise Evans
Reference check with tenant prospect's prior landlord
Right now, landlords are afraid to saying anything negative about a current or former tenant when a potential new landlord calls for tenant history. I have a solution. I'm not saying you would see immediate...
Brandon Eleazer
Expense Projections using 50% Rule
Hello BP,
I am preparing a budget for a SFH that costs $50k. The monthly rent is $1k. Using the 50% rule of thumb I don't see how $500/month (which amounts to $6k per year) is enough to cover all expenses except P&am...
Dave Versch
How to judge vacancy rates?
Hi,
I'm wondering what's the best way to know what the vacancy rate is in a particular area, zip code, city, whatever. I've been using Sperlings (www.bestplaces.net), but sometimes I wonder how accurate and up t...
Wilber Perez
Getting rehab estimates for BRRRR
How do you get estimates on needed rehab for a property? I am new to this and have never had to do an estimate? Do I hire someone to walk property with me and help me with estimates? At least for first time till I get...
Lynn Henley
Which day to mail?
In your direct mail campaigns, which day have you found best to mail? Does it matter which day of the week it's received?
Do you separate the locals from the out-of-area, so they're receiving it on about the same da...