Maybe I'm overly cautious or paranoid but that is a big concern. If it comes to evicting a tenant, or some other reason a tenant may have a grievance, I would feel much safer being some random Jane Doe. My first thoug...

One of my rental properties in Kansas City is managed by a property manager.  My recent monthly owner statement included a $443 charge for replacing a kitchen faucet.  Seemed excessive to me so I got a breakdown of th...

Should I be worried if a contractor wants a 50% deposit (initial payment) on a 15 K interior paneling project? The material cost for this project is very linear over time. The first 100 square feet of paneling costs t...

I just finished cleaning out a property that was damaged because of pets.  Now I put a stiff penalty in the lease for bringing unauthorized animals on or into the property.  Tenants signed lease Feb 1st.  Now, 6 weeks...

I knew that there would be good years and bad years and maybe a bit of something in between. I own a 3 unit in Chicago and cashflow about 350/month/unit after PITI. I figured that would keep me pretty well set.
When ...

Hello and thanks in advance for reading/commenting,I posted this here because of the 'rehab' question. I would not look to flip this property since I am looking to add to  my b/h portfolio.Please see end of post for p...

Hello everyone. This is my first post on the forum besides the new member area. I have been reading a book about investing in Duplexes, Triplexs and Quads. So far, the author has expressed his use of GRM (Gross rent m...

Warning: Lots of Questions!!

I'm in the process of sourcing my envelopes, paper, etc. for my direct mail campaign for Absentee Owners. My initial plan is to use a "handwritten" font for the marketing copy on the yell...

Hi BP! I'm attempting to solve a challenge. Currently we have 20 units, all needing mowing/lawncare.Currently I have about 6 companies handling this because the units are spread throughout the Chicago suburbs. Althoug...

Here's my challenge for this week to all new (and experienced) investors:

GO MAKE AN OFFER!

Taking action is the single biggest thing anyone can do to make progress on their goals. So, for all you n...