Christopher T. Murray
Raising rent on tenants after acquisition
Hello Everyone,I have found a 3unit property that I want to buy. 2 units are occupied by long term tenants who are paying far less than what they should be per month. The current owner has not raised their rent at all...
Lakshmi Kotagiri
Insurance renewals quotes are very high - 20% + increase
Hi All,two of my rentals insurance renewal is up in February and the renewal rates are coming very high. 25% increase in premium. I didnt have any claims on these houses. any good carriers in Texas that give competiti...
Joel Oh
Do you really need a STR insurance?
Hi guys, I know I will get a lot of hates from this but does STRs insurance really good as their price?From my experience so far, Airbnb never failed to cover any issues I had caused by guests. Also in case of fire or...
Patrick Britton
Appraisal on +5 units
Question about the appraised value of larger multi-family properties...Is the appraised value based on the NOI of the current rent (or appraiser's estimate of rent)? If so, how would an appraiser get all data (expens...
Henry T.
Why you should stay away from Seattle
I usually stay away from the Seattletimes because it's such a rag, but somehow a landlord managed to get a story in. Hopefully this link will work. Read the comments especially.https://www.seattletimes.com/opinion/sma...
Chris Svendsen
Looking at first small complex-Any Advice
I received a text from my realator in PA yesterday that he just got a listing for an 11 unit apartment complex and wanted to know if I was interested. Heck yeah I am! Not on market yet, have a couple weeks till hits...
Account Closed
Is it ok to ask a potential tenant for 1 or 2 yrs tax returns to verify income?
About to screen a tenant for a rental. In addition to asking for their credit report, employment & rental history and contacts, can I also ask them for 1 or 2 years tax returns to verify income?
Gary David
How much is too much rent increase?
Looking at purchasing a tri-plex and one of the tenants has been at the property since 1998. (WOW!) his original lease was for $450 his current rent is $490 he has 3 bedrooms plus use of the full basement for storage ...
Alecia Loveless
How Soon to Raise Rents?
I closed on a terribly mismanaged 8 unit mid April. Rents are at a minimum of $450-$750 below market value. 4 of the units are MTM, 1 is currently vacant that I have a tenant lined up for at full market value as soon ...
Tommy R.
Saginaw / Midland, MI Investing
I’m an out of state investor (NJ) interested in the Midland and Saginaw markets. I’d love to get some recommendations on local realtors and PM’s that service the areas. I’m looking to buy n hold and probably start w...