Ok, I've scoured the internet and BP and found a lot of info on SOW's but they are so overly detailed it's pretty overwhelming. Does anyone know of or have a template for a basic SOW for each area of work needed in a ...

Learning: NEVER sign a contract if you are not comfortable with the contents, no matter how bad you want the property.I was a typical BP newbie. Searching for financial freedom, I stumbled upon rental properties as in...

I have always self-managed, but now that I am taking on a larger multi-family at a distance I am strongly considering property management.  I think I have negotiated good management and leasing fees.  And no markups o...

I have a family in my building that has been bad with paying rent and past due bills. I have filed for eviction on them in the past, and most recently for February. I also non-renewed their lease, which ends March 31....

So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...

The biggest myth of real estate is that it is passive income. There are some aspects that are more passive but the process of investing in real estate is anything but passive.Most Gurus sell an expensive program and t...

Hello everyone, I wanted to know if $30/hour in North Jersey is a reasonable or too high to pay a contractor for labor.  He is someone I know that is very good.  He just started to be self employed and has no real exp...

I recently purchased a performing senior lien. While the audit was being performed by my servicing company they found that the loan was not escrowed for taxes and insurance at origination. They went on to inform me th...

Hello all,

I have a pretty basic question but couldn't find a concise answer posted.

What's the difference between net operating income and cash flow (as used in an REI context)?

My understanding ...

My family and I are about to buy our first STR in Florida.  We are purchasing in a nice community, so I'm making the assumption that the possibility of theft from outside parties (non-tenants) will be low.  But what i...