Steven Tierney
1st Rehab: Water Damage + Mold?
Hi everybody,I finally viewed a property I've had my eye on for a while now here in Massachusetts and I am intrigued by it because of it's location in a coastal town with good resale values (I have a post going about ...
Sam Dal
New roof or not on owner home
guys - this is for my live-in home (not a rental) and I'm trying to evaluate and make a financial calculation if it's worthwhile getting a new roof. It has a slate roof that' s a 100 years old and replacement with shi...
Michael Andrews
Reduced rent in exchange for lawn care
I am under contract on my first property, a 12 unit that is home to many retires and I was looking at ways to cut costs right off the bat and the dollar amount for lawn care sticks out like a sore thumb. Currently th...
Michael Perner
Damages, repairs, and deposits
One of my tenants has reported water damage to the flooring just inside the front door. They claim is has just recently started to warp and peel up. I had 2 plumbers check in and out, pressure test, etc., and there...
John Philip Eugenio
Looking for Advice in regards to HELOC
Good evening BP,I currently own a rental property in Oxnard, CA, and I have over $200K equity. I would like to get more properties using this equity. I was thinking about doing HELOC and not cash-out-refinance because...
Jeff Castro
Renting a house with a bug problem
I purchased a house in CA in this difficult market. Tied up most of my cash in the house. Issue came up. It seems there is a cockroach problem in the house. I don’t have much equity in the house. So I would lose $ if ...
Ty Whitman
Are hedge funds still major competition?
If this comes off as an odd post, I apologize, but it's something I am really curious about .... When I was investing in Jacksonville, Florida about 7 years ago, my main competition seemed to be hedge funds in the are...
Rudy Manna
1% Rule in Tacoma
1% rule anywhere around Seattle is impossible long since. Now it looks very tight in Tacoma/Lakewood too, as far SFHs are concerned.I have been actively looking and almost all of SFHs are around 0.7-0.85% range. Even...
James Barrett
Proper insurance rates going up 79% this year!!
SFH in rural Western NC I manage myself. No insurance claims in the 2 years I've had this policy and rented out via AirBnB, VRBO, and Booking. A couple of claims against AirCover that have been well-handled. 2021 w...
Brad Pethke
Rent Collection Options
What are other ways to have tenants pay rent other then cash/check? Or how are you collecting rent?