Meggen Morrison
Debilitated house lot value vs Empty lot value
Does an empty lot have more value to a potential investor vs a property with a debilitated house on it? (Seems rhetorical to ask)
Thoughts are that the debilitated house is considered a liability and the empty lot is...
Lois S.
PM collects utilities & takes a cut
We bought a small multi-family bldg out of town, & have a property manager that we've used for other properties. Some tenants are holdovers from the previous owner. There are some small utility charges we pay in ...
Diran Deukmajian
Investment Property #1
Investment Info:
Townhouse other investment.
Purchase price: $590,000
Cash invested: $200,000
This new-construction home offers an open-concept floor plan with 9' ceilings on first floor. The stylish...
Tyler Perleberg
Water Damage and How to Proceed?
I am a landlord of a condo in a high rise. I have been getting so much conflicting information from people from all over on how to proceed.
I use a standard Minnesota Residential Rental Lease Agreement.
...
Sam Leon
Who "TYPICALLY" pays for irrigation of a SFR lawn?
Location is Florida.
Lease does not stipulate who pays for the watering of the yards.
During the initial lease negotiation, the topic did come up. The realtor said we both contribute. I pay for someone to mow the ...
Sam Leon
Washine machines for landlords, front loaders, top loaders, HE models...
Fellow landlords, what is your experience on washers - if you have to buy one today for tenant use?I have a 20 year old washer in a triplex that has seen better days. Rust is basically eating it away, it is located i...
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...
Ryan Davis
My first rental property..how to vet tenants, and what to require
I am about to close on my first property on October 30th!! (Thanks BP for the inspiration!) This is a duplex that I plan to house hack. I have to do some remodeling that will take about a month but I will be ready to ...
Vincent Z.
Any pitfalls of buying homes that are 100+ years old?
In my area (New England), the majority of houses, (multi families in particular) are over 100 years old. If I am planning on buying and holding long term, what are some of the pitfalls of buying these extremely old ho...
Ryan Daulton
Are Utilities included in MTRs
Are utilities included in the rent price for MTRs? Or do tenants pay for their own utilities?