Manuel Encarnacion
California Security Deposit
Quick question about security deposits in Southern California. When rent is about $2200 -$2400 do you still ask for 1 month’s rent for security deposit? So if their lease begins March 1st do they need to provide let’s...
Brian Stinson
Insurance deductibles for SFR
Curious of what everyone is electing their SFR deductibles to be? My thought was the higher the better to maximize cash flow. I have been keeping them between $9,000 to $10,000, does anyone go higher?
Wade G.
Make sure you have a very large reserve fund for landlording?
Well its been a rough year as a landlord for me so far. Even worse than the year Hurricane Ike caused its damage. To date since January first of this year I have spent an average of $1475 a month for repairs and vac...
Pam Smith
Our Airbnb was left a disaster...advice on what to do?
Hi everybody-I knew this would happen eventually, but this is our first instance of a guest leaving our place a mess. The rate is over $900/night and so we were crossing our fingers that perhaps it wouldn't happen so ...
Alejandro B Yoon
A/C broke, tenants want to be compensated, need advice
I currently manage my mother's property that is using a rent by the room strategy. Last week the A/C in our unit fried from a power surge and required a new thermostat and tablet piece. After back and forth with the t...
Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...
Richard Evans
My first property ever, 21k! [Video]
I wanted to share a video with guys of my first house. I had no life for two years so I could save up for it. http://www.youtube.com/watch?v=d2ARc2c1eFM&feature=share&list=UUE5zZeFgjUobAgz88_ifIGg Can som...
Elizabeth Blazina
mold making tenant sick?
Hi BP members, I have a tenant that has called me to report what he believes to be a mold issue that is causing him to be sick. Now I have checked the plumbing and found no issues and I normally am pretty dil...
Eric Sosa
Convincing my wife on investing in low income area
My wife and I run our real estate business together. We own a couple of properties. We make good money as is. We are looking for our next property. She is very reserved and low risk. Therefore she is anti section 8 an...
Tarl Yarber
Sold! $52,000 Profit Flip, despite challenges
Hey everyone!I wanted to post our latest sale that closed about 2 weeks ago here in Seattle (SeaTac). Despite having a business partnership issue on this property that delayed us listing the house for almost 30 days,...