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Working on creating my policies for becoming a landlord in Chicago, IL before i buy my first building because of the highly ambitious goal of having 1000 rental units by the time I'm 40 (which will be in 13 years from...
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Hello everyone, hope all is well.A tenant hasn't completed their first year, has paid on time each month, and kept the house in good order. Tenant is asking if they sign another year lease if there is an option of ha...
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I am renting out 30 plus days at a time according to condo bylaw. I got fine for violating rental restriction 250$ on 6/20/2022. I received letter on 6/28/2022 from the management company/lawyer representing Condo a...
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Evolve seems to be entering the Poconos vacation rental market rapidly; unfortunately, it appears they seem to be driving down the market pricing by trying to capture more market share. They are charging the same pri...
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Our tenants just signed a new 12 month lease starting June 1st. Yesterday we noticed that the hot water heater for that unit needs to be replaced. We have two options for replacement: 1)buy a new one (we own the cur...
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Has anyone in Indy rented to traveling nurses? I am exploring a few options for the other half of my house-hacked duplex which is walking distance from one hospital and pretty close to the downtown hospitals as well. ...
At what size is it necessary to find a property manager to run the property for you? Also, what is a typical rate/what are their responsibilities? (I've seen 10-15% of NOI but not sure if that's true). How do you go a...
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I have tenants moving out in a week, and they asked for pre-inspection. It's just a couple with a dog and a cat. They stayed a little short of two years, always paid on time, but left more wear/tear and damage than I'...
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So my tenants paid $1000 of the $1200 that they own me. Rent is due on the first, but late fees don't kick in until after the 3rd (on the 4th). The late fee is $30- day. Do I charge them the whole late fee or pro-r...
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Hello Bigger Pockets Faithfuls!My wife and I are going to purchase a condo or multi-family property as a rental. We are looking for advice on how to project the potential rental rate we would be able to charge for po...