Has anyone dealt with tenant who is bipolar, off their meds? He’s been fired from his job. Family had him involuntarily committed. Local hospital immediately released him. He gave a handwritten, scribbled notice sayin...
How much reserve capital do you keep in place for your STRs? Specifically when scaling. 3-6 months per property or less once you have 4-5 properties? I’ve typically been conservative, but 6 months reserves for 4 prope...
Hello! I haven’t received payments for 8 months. I have an eviction in process however in Chicago evictions are stayed until December 31st. My tenant has not been paying since March and I got denied for EDIL assistanc...
I’m currently the proud and brand new owner of a duplex in Northwest Indiana and looking to expand my net worth and passive income stream. There are several decent deals in my area for duplex, tri and quad-plex proper...
Hi all,How much cushion should you have saved for fees and misc expenses when buying say an investment multifamily property?For example say I have $100,000 saved and go to buy a $400,000 complex with 20% down so 80k d...
I have a 1940s property that had a toilet overflow when nobody was home. The water drained through the floor to the basement and there is now standing water in the basement. This house has a drain in the center of t...
Watchout! California newbie coming thru.
Looking to invest in cashflow props outside of my homestate. Any suggestions? Reputable people you have worked with? Markets I can pry on? Tips?
ok so i know how important this can be. So lets say you follow and you have this huge money stockpile from it over a year is there any point like a per rental number were you just say ok this is enough in reserves i c...
Hey BP, my 2nd floor tenant ran their boiler dry and didn't let me know until I saw an instagram story of them trying to get it going again. I had a friend who is an apprentice at a plumbing & heating company take...
hello,Im looking for some advice on Landlording while working the 9 to 5. for example what do you set your office hours at? how would you have your Tenants reach you while at work? Im just brainstorming situations and...