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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...
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I'm considering moving to St. Petersburg Florida for retirement. I am currently a landlord and would like to sell my properties where I am at (Seattle) and buy other rentals in St. P. when I move there. I'm seeing bra...
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The property management company I work with in Michigan wants to charge me $250 for a renewal of a lease. I have two other PMs in another State and they don't even charge me for this. Is this common? It's just resigni...
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Hello BP
I would love for some more experienced REIs to have a look at the details of a recent purchase my partner and I just completed and give us your thoughts on how you think we did.
THE PROPERTY
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I'm relatively new to REI, but have had a single rental property for ~3 years that does well. My father on the other hand, has ~20+ properties and tracks everything manually in a spreadsheet. While I could likely writ...
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It's been around 10 days since I listed my property; had around 5 showing, but no applications. It was listed at $4000/month, so I dropped it to $3900/month today. How long do you normally wait before you drop the rent?
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We are converting our studio unit to a mid-term rental. First time, newbie here and was wondering if there were any guides or books others found helpful when setting up for the first time? I know it needs to be furn...
I have a question for all diy 3 to 5 unit owners. How much time are you spending at your multi family unit per year doing maintenence and property management. I've looked at 3 deals so far that the numbers didn't wo...
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Hello everyone! I am looking for insight/advice/ideas on where to go or what to do next in my investment journey. I currently live in Nashville TN. I am a real estate agent here and currently live in my home that I ha...
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My property manager uses Buildium. I have asked for a CSV file of all transactions so I can easily import them into my bookkeeping. The best he has been able to do is to export a report in xls format. With some man...