James Barrett
Proper insurance rates going up 79% this year!!
SFH in rural Western NC I manage myself. No insurance claims in the 2 years I've had this policy and rented out via AirBnB, VRBO, and Booking. A couple of claims against AirCover that have been well-handled. 2021 w...
Kate B.
Water heater, buy it or plumber supplies
I have a question as a new three family house owner. Previously, water heater issues arose so rarely in a single family house, but now it will come up more often so I need to learn.Is it best for me to buy the water...
Patricia Mclean
My Seller can't come to closing
Hi BP I have a seller who wants me to take over her payments. She owes around 94K and payments of $962. The house is occupied and tenant has been there for 5 yrs. She charges 850 in rent. The value is between 98 and ...
Dennis F.
Pseudo-inheriting a residential property with minimal experience.
Hello all,I have recently been given the responsibility of managing a 6 unit residential property in Brooklyn, NY. Without going into details, it belongs to and has been managed by a family member, but do to health is...
Robert Bolejszo
What are the typical services that a property manager provides in its fee?
It is a bit unclear to me what property managers provide in its fee - does anyone have experience in this area and can share?some specific questions that I have what happens if someone is needed to be evicted? I under...
Kathleen Frankovich
asbestos shingles and rehab
Hello. I am looking at a cottage built in 1920 that I was told most likely had asbestos shingles on the outer walls. They are in very good shape so I wouldn't be too worried about it except there is a tinyl back por...
Tommy Barrow
To use a software or handle it myself (first rental)
We are currently in the process of listing and screening tenants for our first rental property! We are worried that using a software to screen, collect payments, and submit requests, may just be more of a hassle than ...
Daniel M.
Help Setting Up QuickBooks for Real Estate
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...
Elizabeth Lagattolla
Triple Net Lease Renewal - Questions
Hi - I have a commercial building that I'm leasing (triple net lease) that is due to come up for renewal after (5) years. Since this is my first commercial investment five years ago, the original lease/negotiation of...
Dolev Zaharony
How much will you take for managing an Airbnb?
Hello,I have several Airbnb that I own and manage myself in the Raleigh, NC area. I was approached by a person who owns a great place for an Airbnb- a large cabin with a pool and pond on a 3-acre land with tons of pot...