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BP Community--I'm under contract on a 4-flat property here in Chicago (thanks for all your help @Brie Schmidt !) The rents are under market on all units (which I intend to re-mediate ASAP).Behind this property, there ...
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Hello,
I recently got my first rental property in Jan 2012. My 90 year old uncle deeded the property to my LLC for free. I inherited a long term elderly tenant who has been in the home for 20+ years. She pays a v...
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The dirty tenants moved and I can't get rid of the smell. I've tried sprayers, bleech and all kinds of air fresheners. Any other suggestions?
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How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount? e.g. if we add a clause to the lease contract stating they will be liable for all charges due to their purposef...
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Hello everyone!
In the past couple years short-term rentals have exponentially grown. These short-term rentals come from platforms like Airbnb, Vrbo, and a number others. Do you think this is a good method for inves...
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I have been reading up on the 50% rule, and i am trying to understand it fully. My previous method of calculating expenses only adds up to a mere 35%
my old way includes
Property tax x 12
Mortgage insurance x 12
Re...
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I haven't noticed any services that handle appealing property tax assessments in the Bay Area here. I have seen it for San Antonio, TX. Such service would on your behalf appeal the property tax assessment (each year, ...
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I'm running different scenarios with the BP rental calculator for a 4-flat that I'm considering purchasing in southeastern Wisconsin. The building is in good shape and is fully-rented, but it is older (80+ years) and ...
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Hey GuysI've heard there usually isn't much value in replacing windows but I can do it for a bit less than average...Would you replace the windows in a flip with an ARV of 300K if you could replace all the windows for...
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Not sure if others are experiencing the same issue or if I should have cancelled these reservations differently (would love guidance from others), but I am annoyed with Airbnb right now. I had two different guests ch...