Paul Sandhu
Motels competing against STRs
There is a refinery in my town. 99% of my renters are contractors doing short term work at the refinery. A cheap motel is $400/week, and that's what I charge for a 2 BR STR. Over the course of 6 years, I've slowly ...
Jacki F.
Is the tenant responsible for replacing ballasts?
Hi Bigger Pockets! Hopefully a quick and easy question; Are commercial tenants responsible for fixing bad ballasts in the florescent light fixtures in their suites, or is that the job of the landlord? The only lines...
Dana Nicole Webster
STR Regulation Questions
Hi BP Forum!I recently moved to Denver and have been looking for a house hacking opportunity. In doing so, I have become very familiar with the zoning code and STR regulations, but had a few questions I was hoping thi...
Tom Conant
Loan Officer Accused me of Being Unethical by House Hacking
I'm looking to do my first house hack in Fresno, Ca. I stated I was planning to live in the property for a year, and then look for another so I could take advantage of the favorable financing that would qualify me fo...
Neil Narayan
NY and CA are the land of the flee, and Texas is the destination
State government policies like income and business taxes are influencing some people’s decision on where to live and work. Even before the pandemic, less burdensome taxes in Texas drew huge tech companies like Tesla, ...
Mark Malevskis
What to do when rent is late and when is it late?
Hello, I have just purchased a six unit last month. Rents were due on the 1st. I have installed a rent drop box on the first floor and passed out a letter to all of the tenants to deposit checks in their. I check the ...
Jeff S.
Maintaining an LLC
Talked to an attorney yesterday (large downtown firm) about forming an LLC(s). She said you have to maintain it by having meetings, writing resolutions about decisions and keeping minutes. Really? By myself? How do yo...
Jason Malabute
HERE'S WHY I DON'T THINK WE'LL SEE A MAJOR CORRECTION FOR A WHILE
We all know the saying, “what goes up must come down.” We also know that the real estate market is cyclical. Historically, real estate cycles have lasted 8-9 years. However, we have been experiencing property values g...
Cliff T.
Help with tricky tenant situation
Hi all,
I'm hoping to get some help with a tricky tenant situation. I have a property that is currently leased to 4 tenants, all of them signed ONE lease together. That lease is set to end on 9/30.Last month, I start...
Brianna H.
Do you ever worry about your safety when showing a property solo?
Hi All - It has recently come to my attention that it may not be the safest route to do a showing solo. I am a petite female which leads some to believe that I may not be able to defend myself in an unfortunate situat...