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Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...
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We flipped a house into a beautiful rental... rented it in 1 day with 50 inquiries... only problem is I still smell cat pee and tenant moves in next week.
... we pulled up all carpet, painted floors, and re-floored wi...
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I recently purchased a duplex, a inherited a tenant. In his current lease it stats that he is not allowed to smoke in the building. But during my inspection and walking of the place prior to close I can smell the stro...
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My tenant has a boat in the yard. This is a single family residence. It has a smallish driveway (1.5 cars deep) and smallish yard. The boat (which is not covered) is at the far back of the driveway but since the yard ...
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Was using a Allied National Debt Collection for owed rent on evicted tenants. This company has an A+ BBB rating. This is when consumer reviews are better than a BBB rating. The company never contacted me personally...
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I'm learning some hard lessons on my second rental property purchase here in California. I inherited 2 tenants that have refused to pay rent since closing on the property in late October. In late November I served a 6...
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We are closing on a hoarder house within the next week or two and are looking for recommendations on how to handle all of the "junk". At first glance, there seems to a decent amount of value in several of the items.....
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I am adding a bathroom and laundry room back to back and made the mistake of being influenced into not pulling a permit. I have only framed the walls, run pex and waste water piping(pier and beam) and now having cold ...
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We have 100% equity in a SFH rehab project not quite ready for conventional financing that should appraise for ~$285k in a few months and rent for ~$2000, but I'm cash-poor. Want to refi this property for $93k for the...
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So I just put a SFR under contract. It's not the worlds best deal, but it should trickle in some cash flow, and the neighborhood it is in is going through some very big transitions, so appreciation is almost a given (...