Chance Schrettenbrunner
Tenant Screening Questions
Hi all! So I have renovated, got professional pictures, and now am ready to rent out my first medium term unit! But I am stuck on the screening process. Is the 3 times the rent still a rule of thumb for this like it i...
Jason Malabute
REPAIRS OF RENTAL PROPERTY DURING ANALYSIS
I'm reading the book on repairs and rehabbing that is recommended by BP. I am not done with the book yet but noticed that estimating repair cost is a detailed and time consuming process. Is there a faster, but accurat...
Brent Kiger
Rehab / Flipping technology or apps
Good evening BP,
I am currently under contract on a BRRRR property that needs a sizable rehab. While I've done light to medium rehabs on my long term rentals, this is a pretty heavy rehab for a BRRRR project. I'm try...
Ian Gilligan
Medium Term lease agreement
Hey guys,
Should a lease for a medium term rental be drastically different than it is for a standard long term lease? If someone has a medium term lease that you use, could you share? Thanks!
Anson Young
"Federal" reserve
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212
Anyone else read this book? I'm 1/3rd of the way through it and it blows my mind. This information should be common knowledge, but its not,...
Kurt Z.
Having a real estate agent show apartment units
Hi everyone. Sorry for the multiple posts but I figured it is best to break each question out in a separate post.
I am debating between using a lockbox system to show units or using a local real estate agent. If I us...
Robert Kemp
Should I Consider this Tenant?
Hi all,
My question is pretty simple. I have spoken to someone via FB about my rental and they answered my pre screening questions well. They seem like a good fit. The only thing I’m hesitant with is their monthly i...
Tomas Calvino
Ideas for Standard Operating Procedures
Hello everyone,So I'm getting ready to start working on a standard operating procedures manual for my business. I only own and manage one rental property right now but I plan on having a lot more and it is never to ea...
Dave D Fischer
Home Away/Vrbo Holds funds
Have had guest in property now for over 7 days. From VRBO fact that they have not paid for the guest stay to the host is no big deal. It is something they took non chalantly and stated, maybe your get paid this week b...
Joseph Pugliese
Doubtful Deduction
The median priced home is $220,000. Assuming 10% down and thus a $198,000 mortgage, at the current 30-year mortgage rate of 3.7%, that works out to a payment of $917/month. Add $180/month for property taxes and the to...