The washer needs to be replaced. It's a front loader. Tenants prefer another front loader, which would be about $500. Top loaders cost about $300. Is it ok to ask tenants to pay half of the difference if they have a s...

Had 5 guys rent a house for a week. Went there yesterday morning after they left. Took out the trash and plugged in the security camera.  Went there in the afternoon and took the 18 beers that were left. Went there ...

Hello Fellow Members,If I purchased a property for rental that required 10,000 in rehab, exactly what work can I do? I know it may varied depending on the condition of the house, but 10,000 seems like somewhere betwee...

Hi,I'm in the process of buying a 2nd floor condo in New Jersey. I would like to put in an in-unit compact washer/(ventless) dryer, and I have the hookup in the linen closet already.This complex has laundry in the ba...

Hello everyone- My tenant has moved out and the place smells. Neighbors have reported seeing the tenant’s guest smoking so this is the reason for the odor. My tenant attempted to disguise the odor with really smelly d...

I have a property that has incurred a lot of expenses this past year, and the current tenant’s lease is coming up for another year. I know there are no hard and fast rules, but what percentage of rent increase would ...

For rental properties I know you can depreciate things like a new roof, new washing machines etc...although different things have different schedules of depreciation. I have one item that I don't know if it's an it...

I'm closing on a 4-plex this month and none of the units have a dishwasher.  I'm in a "utilities included" kind of market and am paying water/sewer.  I was wondering if any of you have added dishwashers and have seen ...

At this point my wife and I are just throwing ideas out there, and then researching them down their respective rabbit holes. We're trying to think of ways we can generate more monthly cash by offering "services" to ou...

Hi, my name is Yong and I have been working as an actuary for a few years in the Philadelphia region. In the last few months, I have started reading real estate books and articles and came across BP and quickly no...