Darryl Booker
Set Me Straight with Property Management Service & Fees
Dear BP Community,
I have several questions that I need your help on. I will try not to get into complaining about a certain company because I know this not the proper forum for that; be that as it may, here goes:
S...
David Ounanian
What are common landlord expenses, and who covers them? Landlord or tenant?
When managing a rental property, here are some common maintenance expenses to be aware of. Some can be passed on to tenants, while others are usually the owner's responsibility:1. Sewer Cabling/Drain Cleaning: When th...
Rich Somers
Currently negotiating first multi family deal and have questions
So I'm currently in negotiations for my first multi family property (5 units & up). I wrote an offer yesterday, and today the seller countered. Before I counter the seller, I am trying to more accurately nail do...
Devin Cook
Renting house from property owner
Hello, I just thought I'd ask this question and see if there was any way I could go about this. I currently rent a 3 bed house for $1,200. The rent went up this year, it was previously $1,050. It's my girlfriend and I...
Chi Sonubi
Due diligence on STR
Hey everyone!I am a newbie STR investor and have recently had one of my offers on a property accepted. I am in the beginning of the due diligence period. I have a general idea of things I need to look out for, but thi...
Matheu Santos
How’s the multi family market in Florida?
I’m overseas and want to invest in Florida, where I plan to live. From what I’ve seen on Zillow, from Tampa to Orlando, none of the multi families (duplexes, triplexes) have a decent CoC return. It’s mostly negative! ...
Kareem Webb
Weird situation but could be $$$
So a guy with cash wants me to find a property and oversea the process of fixing and flipping it....what should I be charging this gentleman....by the way this is my first time doing any of this 😬🥴 he wants to stay un...
Andrey Y.
Best 'Expense Tracker' app
Do you guys use any of these for iOS or Droid? I have always been curious how much I spend per month/year and on what, but never got around to start tracking. Which app(s) do you like and why?
Cassidy Burns
Drafting a Promissory Note
Hi BP,I am struggling with the process of drafting a promissory note. Do I have to have an attorney do this? I have a few examples of notes that co-workers have sent me but it has all of their information on it. An...
Jon S.
How to explain Mandatory Minimum Cleaning Fee?
Do you charge mandatory minimum cleaning fees ( stipulate it in the lease) and apply against the deposit when the tenant moves out? If so, how much? My apartments have all tile floors, so there is no carpet to tear ou...