James W.
Hi, new slumlord here. General advice request.
Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...
Jason Timmerman
How flippers can ruin a wholesale market and deal
I just had a real frustrating incident occur. First of all, I think some flippers do not understand the purpose of wholesaling or wholesalers. I have run into a bunch of flippers in New Jersey, North Carolina and el...
Padma Mody
Tenant called the Police
I bought house in Sept 2014 and it was rented with month to month lease with section 8. During November, Section 8 did yearly inspection and find out that HVAC is not working properly. We hire the HVAC guy and ask him...
Giselle Black
Should I wait for 'the crash' before I buy my first property?
I want to buy my first rental property but I'm wondering if I should wait until the crash that is supposedly coming. I'm worried that if I buy now, my property will end up being worth half of what I paid after a few y...
Erica Moore
Worth it to allow pets?
I'm setting up a new rental (large SFR with backyard) in Cozy and can't decide if I should allow pets or not. My current tenants don't have pets, so it didn't come up previously, but with the new listing I'm leaning t...
William Collins
Landlord cash for keys gone bad.
Here is a story of a real life issue I am currently working on. Not all landlord/investing things go right.Setting: New Britain, Connecticut. A small city full of rentals mainly made for manufacturing plant workers...
Vineet Bindal
Need Advice: Thinking to buy new condo to renting out in Bay Area
I am a new investor and have been lurking this forum for a while. I would appreciate if folks can give me their prospective and POV on below choice:A bit about me: - New Investor.- Currently owns my own home with only...
Amber Gonion
St. Paul follows Minneapolis lead in limiting landlord rights
A little heads up from our local realtor association “The City Council on June 3 postponed a public hearing and vote on the SAFE Housing Tenant Protections, which would mandate several measures meant to protect tenant...
Thomas Tarry
Is this Realtor unethical?
I’m an Associate Broker in Syracuse, NY and this happened to me last week: I submitted and offer for a condominium on behalf of an LLC. The agent called me back and countered. My buyers accepted and we signed the d...
Carmel Duffy
A stupid Landlord Mistake
With winter here I thought it would be a good idea to buy a snowblower for my rental home. In the lease it states that the tenant is responsible for snow removal, but I thought I would buy the snowblower. I had the te...