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Tenant called to say neighborhood vandals cracked the front door glass. This is one of those expensive fancy glasses that you can't just patch up. Picture is below.Does anyone know a good/inexpensive way to fix this? ...
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Hi guys! I have a property that I bought Sept of 2021 and it built in 1977 and needs a new roof. There’s tenants living in it already and I am looking to sell it next year! Should I replace the roof prior to selling? ...
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We just sold our rental property for 108,400 with a 71K balance left on the mortgage. We were advised that we need to have the same set up when purchasing our replacement property. We have approximately 30K in profi...
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We're at the final steps at closing on a cottage, and an Issue I ran into is with the bank issued appraisal. The bank has deemed the appraisal as incomplete, and because of it started digging into the the pictures cur...
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Hello all,I have a rental purchase opportunity that is at a decent (not great) price compared to rent income (will cash flow positive) but inspection report came back with these scary pictures from the plumbing system...
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A big hvac company technician visited my rental unit. He says the furnace is broken and the evaporator is completely choked. He suggested tenants not to turn on the thermostat any more as it may cause fire and carbon ...
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Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...
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So the question is… Do you provide mini blinds in your class C rentals?
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I have a tenant that is using 50 - 600 gallons of water per day. Their fixtures leak occasionally I bought the place with cheap stuff installed. The toilets always leak. My question is, what are the most bomb proof...
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Investment Info:
Single-family residence buy & hold investment in Magnolia.
Purchase price: $201,000
Cash invested: $10,000
3 br 2 ba 1800 sq feet
Bought this house in 2016 as a first time home b...