Tristan Cortez
How much should budget for maintenance?
I am currently making my own rental property calculator in excel, I was wondering how much should I budget for maintenance? Is their a rule of thumb, is it per square foot or something else.Thanks in advance for your ...
Bari Gaymon
Cost of furnishing A midterm rental?
Hi,I have a new build closing mid April and I am considering doing a midterm rental. What is the cost to furnish a 3/2 1300sq ft rental?Thanks,Bari
Andrew Miller
First Time Landlord - Tenant Requests
Hello all,I just purchased and renting out my first single family home at the beginning of the month. The new tenants are a family and I've gotten several texts about different items in the unit within the first two d...
Jermaine Washington
Tenet has abandoned property without paying rent.
Hello fellow landlords!Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely? Is there any legal action one can take or is it just a lost caus...
Jacob Phillips
Rehab Cost Estimate
Hi everyone! I currently have 2 rentals in Flint, MI and I'm ready to start flipping/ BRRR as another pillar to my portfolio. When analyzing deals, how do you calculate for repair cost without having to get bids? I kn...
Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Michael Stobo
Renting out basement for self-storage
Has anyone rented out their basement for self-storage? What type of storage lockers are you using? Are you building rooms with drywall/doors or just wire mesh pre-built cages and what is the optimal size? Do you have ...
Billy Raz
Depreciation - How to Account for on Income Statement?
Hi,I'm working on the financials section of my BP. How do you calculate and include depreciation on the income statements?If I use a depreciation calculator and calculate an annualized deprecation amount of $3k, shou...
Paul K.
American Home Shield Contract Verbiage - $250 Code Requirement
Hi BP Family,I have American Home Shield for my current househack. One of the two HVAC units didn't seem to be working and since it's starting to get warm in TX, I quickly submitted a claim through AHS. The technician...
Christopher Ward
Newbie from Burleson Tx
Hello BP, I would like to begin RE investing next year. I own a home 100% clear and my only debt is a monthly car payment. I have a 10k emergency fund and about 5k just sitting in my account. What are your thoughts on...