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We are considering picking up our 3rd STR via a LO as a way to get a property quickly vs. waiting to accumuluate the 20% down payment required to finance.My questions is, since I would not be the owner on the deed, wo...
I'm about to embark in a fairly comprehensive rehab of a multi-family property (electrical,bathroom, kitchen, sheetrock, and various other improvements. My plan is to fix it up, and increase rents. My question is shou...
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I have a tenant who pays $300 premium then market rent. The issue is she is very difficult. Just not friendly, will bad mouth and would not allow to enter the house.
Once she would blame for missing phones while a ...
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I am looking at using another property management firm. They seem to have great feedback, however, the thing that concerns me is that they don't have a repair deductible. Would this really be an issue and will cause t...
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We moved a new tenant into a 2-family home in New Jersey this past July. She recently notified us that she found a bedbug and a week later found 3 more in her mattress. We tried arguing that a bedbug is something sh...
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Iv been putting purchases on a credit card to fund a remodel (15k limit)
Iv been running up my credit card to the limit each month or even multiple times a month because of the repairs and purchases for the remodel. ...
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I have a once triplex converted to a duplex that I’m turning back into a triplex . hope that didn’t get too confusing.So I’m trying to figure out the best way to supply all 3 units with sufficient hot water in the mos...
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I need some advice. Do I foot the bill? Do I bill tenant for the cost or half the cost? Here is what happened...I send out a 24/7 plumber on from a large reputable company on Friday after tenant calls. I reminded my t...
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I just bought my first 4 unit building 6 months ago. I’ve needed to put some money into it along the way. 3 units are occupied, the 4th is mine. The rent breaks down as:75010251160Total: 2935The expenses:1850 (mortgag...
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I have two units separately metered and we are installing a shared washer and dryer. Logistically, the water and power for the dryer would come from the smaller one bedroom and the washer power would come from the 2-B...