Kyle Smith
STR operating expenses
I have a spreadsheet I've developed for my STR and have been using 20-28% for a management company to manage the cleaning, booking, and maintenance. However, after doing some reading here I am leaning on doing the bo...
Par Attaran
Look at my PM statement and tell me if were being overcharge
We hired a property manager Dec-1-2016. They rented out our completely rehabbed property Jan-1 to a Sec 8 tenant. We have never used Sec 8 before and were not familiar with Sec 8 inspections or requirements, but decid...
Thong Dang
Lesson learned from Section 8 unit
Hi all,I want to share my experience with my first rental unit, which happen to be a Section 8 unit; hoping to share and learn more from everyone.I’m in MA and purchased this home out of state through Roofstock in Mon...
Bienes Raices
Sewer line inspections
Has anyone paid someone to come do one of these during their inspection period? My offer was accepted on a short sale where the seller and his friend apparently put in a new sewer line on their own (not sure what the ...
Peter W.
Would you replace a furnace before it breaks?
I just made an offer on a house with a thirty year old furnace as a turnkey hold and rent. Hot water heater is in a similar state although not quite as old. Would you go ahead and replace now or wait for it to break?...
Marcia Maynard
Move-In Inspection Checklist - streamlining the process. What do you do?
When moving a tenant in, it is easy to skimp with the move-in inspection check list (or "Property Condition Report", as we call it) yet it is a critical document. I'm looking to improve my process for getting this...
Justen Ashcraft
Received this email today
Received this today from a tenant who has been a few days late in the past. I've been gracious. I moved their due date to the 15th so they didn't have to pay a late fee because they were always late. Today is the 2...
Erwin U.
Landlord Responsibilities on Repair
Hello, Frequent visitor to this forum to learn about landlord for the last few years and have a few rental properties in DFW area. However, this time I need some feedback from other landlord. I understand that landlor...
Paul Yevzikov
Help with #'s please
Hello all,
I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.
Location and repairs aside, strictly by numbers, what do you guys make of this deal:
Single house, 3 fam:
- 2 be...
Max Cordova
$400,000 Multi-Family in Central Jersey (worth it?)
Currently looking at a multi-family property in the Central Jersey area.
They are asking for $425k for the property.
It has 4 units (2 bd/1 ba)
Each unit can rent out for a minimum of $1200/month.
PROBLEM: Asbest...