So I'm in Chicago. Two six flats. 8/12 tenants now not paying rent. I've been talking to other landlords and it's the same story. I have two buddies with 60 units between them. They're are mostly 1 bedrooms. Rent is u...
I wanted to get the BP community's take on driving luxury vehicles...
Do you think they send a negative message when meeting with renters or sellers? Do they hurt your negotiating power?
I tend to thin...
Hi all,I've been landlording for a year now. Earlier in the year, I had two rentals available, posted them online, got plenty of applications, got good tenants, all pretty straightforward. I pride myself on providing ...
Asking for money seems to be an embarrassing topic. It seems to be more embarrassing to ask for money from private individuals than from a bank. Why? I think because a bank is just an "institution" versus a pers...
I decided to compare projected income for my STR in North Phoenix from AirBNB, AirDNA and Awning. I also tried AllTheRooms but I couldn't figure AllTheRooms out. I looked at the surrounding STRs.
Across the street i...
So my tenant has been asking about upgrading the vanity in her unit. The current Vanity is a small 24" vanity, it's not in bad shape, but I agreed a 30" vanity would be nicer in that space. So far I've told her I migh...
Good evening BP,I work full time as a teacher, part time as a behavioral therapist and I am a church musician. I’m trying to 10X my income to buy more properties. Furthermore, I’m married with 5 children under 5 years...
In most instances, I would assume it is for two reasons. To generate passive income which will help eliminate the need to work and to help with our retirement.
Normally about this time of year, various magazines come...
Blame it on the holidays, consumerism season, or the purchase of my latest rehab project, but I've been thinking a lot about my relationship with spending money. I have this unhealthy relationship with healthy money m...
Hi,I was reading an article a few days ago that said 40% of Americans can't come up with $400 if they had an emergency. I couldn't believe almost half the country is that broke. The median household income is 60k, so ...