Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor. And unlike property taxes, it’s something you have a lot of control...
Hi BP,I just got a service call for a leaking filler valve, it was spraying in 2 or 3 directions and leaking down the tank, this is the first day of my tenant living here too. I had my handyman replace the guts and I ...
Hi all, Cleveland-area PM here. Hoping our community can come together in this time.I foresee a lot of tenants will be financially impacted by the closures necessitated by COVID-19; many are hourly employees who are o...
What can i do if a city where i own a property, announced they need a part of my land for a community project, and i can either 'donate' the land or get a 'just compensation' ?
Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...
Yes you own your property and you are in the title, but let's examine , if you really can control the ROI.1- Can you control turnover?- very expensive by the way......my answer ..no2- Can you control the outcome and b...
I'm trying to come up with a technique to add some structure to the clerical and communication sides of our rental portfolio. My partner is very REACTIVE (likes to wait until issues happen then find a solution....Like...
Hello BP fam! I have just taken ownership of my first ever duplex! Whooop whoop! One side has tenants in place, the other side does not. Using the agent who helped us close to get renters in...but, it's been almost a ...
Management fees, new tenant fees, service/repair fees... they all make sense to me. But a fee to renew the lease for a tenant wanting to stay another year does not. To me, if the tenant wants to stay, that just m...
Just curious for those that don't outsource property management, if anyone actually likes property managing? I only manage one unit just to save money, but it is no fun to me especially when tenant issues come up.