Hi everyone, I'm hoping I can get your advice about something.
A couple years back, I purchased a property as-is. Conscious decision, timing was important, price reflected generous buffer for known needed work.
What...

Hi BP members:      I was wondering if anyone in Chicago has had this experience. About a month ago we had some heavy rains in the west Chicago area. As a result there was some seepage in the basement of my rental hou...

Hi All,How much should I charge a tenant who damaged a property in ways that I can probably never repair?  A tenant recently moved out of one of my properties after about 3 years.  They gave 30 days notice, and made a...

Hey guys looking for some info. I got a call from a homeowner looking to sell their property that had a fire recently. Im going to check it out this week. I own a few properties at this point but never purchased a hou...

Hi BP members, We had 2nd floor tenants went on vacation and they turned off their heat for one month, so this Monday the water pipe busted. The water gushed in into the hallway and basement. 30min later, another wat...

I have under contract a split level 4/3 2400sqft, 1 acre home that can be easily converted into a duplex. This will be my second duplex conversion. I am in inspection phase and my question is whether or not to buy the...

Hi, I am looking to purchase a property in Detroit that has been sitting Vacant for the past 2 months. The property seems to not have been winterized from what I saw when doing the walk-thru. (water in toilets, tanks,...

I made my very first home purchase in July this summer it is currently my primary residence but will later be used as a rental. I live in a desert area where it doesn't often rain. On September 2 we had our very first...

Hello,I plan to close on a 2-flat in a month (week of June 22) with one unit vacant and the tenants in the other unit moving out the end of June.  We will be receiving their security deposit.  There is an issue with t...

Back in July a leaking HVAC unit in the attic caused substantial damage to my rental home. It resulted in replacement of flooring, ceiling tiles and repainting certain areas. Total damages were over $1000 (on a monthl...