Greg Mercer
Real Estate Agent Commission? - Lease to Purchase
I was looking to lease my primary residence out while I travel for the next couple years.One of the gentlemen who was looking to lease asked if I would be willing to sell. I told him if he would offer me xxx dollars,...
Jenna Olivieri
Property Management Compensation in NJ & PA
I have been a Property Manager and Realtor for 5 years now paid by a salary in NJ & PA. I have been offered an opportunity to launch property management for a brokerage from scratch. I have asked for a salary &...
Jason Haymond
50% Rule - Where do I keep the money?
Hello all!
I’m familiar with using the 50% rule as a napkin number, which includes more immediate things like upkeep, property management, and property taxes; but for the long term things like a roof, what do I do wi...
Tyler Willson
Tax Implications for Flipping
Hello everyone,We are nearing the end of our first rehab and flip project, and I was wondering how we go about writing off expenses for taxes. I was getting fairly clear on how to do it for rentals with division into ...
James Heller
What type of agreements do you have with your contractors?
Hi everyone -- I am buying property remotely (in Denver, from San Diego) and beginning to partner with several contractors in the area. Really awesome folks I've gotten in touch with.I'm curious what type of agreement...
James Partsch Jr
Need Help and Advice - DEC Contamination Record and Owner Financing Opportunity
There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak. The owner of the property has had it for over 30 years ...
Edita D.
One estimate only for a fence repair???
Hey guys! Our prop mng company in Fort Worth, TX provided us with one estimate of $1500 for fence repair. When we asked for a second quote since this is a large expense, they advised us they " found this vendor the m...
Kalp Mehta
Lease Extension and Rent Increase: Adjusting the Last Month's Rent
Hello BPIf I extend the lease and increase the rent, should I adjust the last month's rent to the new rate?
Dee James
Suggested fees for home project manager
I'm going to be renovating a small home. Since this home is in another geography, however, a friend will oversee the renovations and the process of making it ready for occupancy by a relative. The home is in fairly ...
Geoff Kraemer
Can I rent my 2nd home to myself for business purposes?
I am currently a w2 doctor with a house in town A. I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence). I will still likely be doing an outreach clinic i...