I am in negotiations on my first mobile home park. What are some due diligence items I should request or be aware of? Should I request two years of rent rolls and p&l’s? Thanks in advance!

Hello, BP community.  We are under contract on our first property, a 1920 Cleveland Heights triplex.  We can't say enough good things about @Aaron Westerburg of Inspection Tech.  The home inspection yesterday was a gr...

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 ...

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

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...

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...

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...

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 ...

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...

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...