Daniel H.
Separating Utilities 6 Unit Property
Looking at a 7 unit property in which the apartments are not individually metered for gas or electric. There are 4 gas meters and 3 electric meters and the landlord pays all utilities. This is a major recurring e...
Timothy Lon
How much is enough for emergency fund/reserves per property?
Hello All,Looking for some opinions from more experienced investors.The basics:I close on my first investment property this following Monday. It's a SFR, 3/1.5 in a C+ neighborhood. Cost is $39,900 and will most lik...
Wynn Meyer
Struggling to find vacant reno policy
Hi all,I recently purchased a 1916 farmhouse in western Maine in need of major repairs. Currently there is no heat or plumbing systems in place and the original field stone foundation is failing. I have not had any l...
Nick Albano
New Appliances or Not
Hello! First post!Like most you guys starting out, I just finished reading rich dad poor dad a few weeks ago! I am now about 20 podcasts deep from bigger pockets and it has completely changed my way of thinking. As I ...
Nam Hoang
Estimate for replacing existing plaster wall with drywall
Hi, I'm trying to get a ballpark estimate for replacing plaster walls with new drywall in a 1200 sq ft house. 1st floor is open layout, so one big room with kitchen and living area. 2nd floor has 3 small bedrooms an...
Leland S.
HOA responsible issues probably cause for sale falling through
The long saga of this inept HOA management company continues. I had an inspection by a contracted buyer that found a bunch of exterior and roof issues, some of which I had pointed out to the HOA either before or after...
Chris Wan
NJ Section 8 fail inspection
I have 1 section 8 tenant and they have been good for years. Today I received a letter stating i failed inspection for items like a hole in a door and broken garage window. These are all items the tenant should be res...
Jude Cineas
How short term rentals can change you.
Short-term rentals can provide several benefits for property owners and investors. Here are some of the key advantages of short-term rentals:
1. Higher Rental Income: Short-term rentals can generate higher rental inc...
Mike S
How to use expense side of 50% rule
Just getting started and I'm trying to figure out how to run the finances and accounting for rentals that I plan to buy.
Do you run the expense portion as a total fund or more like a line item budget? Take maintenanc...
Justin Pumpr
Rental Property Appliance Survey
I know there have been a LOT of questions asked about rental property appliances, but there doesn't seem to be ad definitive answer and there's too much old info to sift through, so I thought I'd make a poll to ask pe...