Kelly Pierce
Lease Termination to Sell Property
I have two SF rental properties in CA. I'd like to (potentially) sell both of them. DISCLAIMER: I've been fortunate and have great tenants - none of which have missed a beat during COVID. The rentals (in CA) just don'...
Yannes Chiang
AC guy claim to file Mechanics lien on exaggerated invoice
Hi all,I need help. I am an out of state investor. I have a AC guy (let’s name him Paul here) who worked with me for years in Texas. Tenants has reported the AC not working. I sent Paul over there in April and August ...
Glen Hark
80% Vs 95% plus FURNACE which one to buy
Hi I have to replace my AC and furnace. I live in Michigan. The first quote came in at $5,200 to install a 80% efficiency furnace and an AC unit. For $650 more he will install a 95% plus furnace. My renter pays th...
Wesley Emison
Tax impact of renovations on a duplex - Useful Lives
Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and will be renovating both units. I want to focus this discussion on what use...
Corey Block
How much money to budget for repairs and capital expenses.
So, I have very recently discovered that I have made the grave error in not accounting for repairs and capital expenditures for my rental units. I have owned investment properties for going on 5 years, currently own ...
Ian Francis
To Get or Not to Get Home Owners Warranty for Rental Property's?
What is everyone's opinion on getting HW for Rental properties? I know the obvious pro's to it, but what are the cons? Thanks in advance for the insight!
Andrew Durosola
Denial of deposit refund
Hello BP,I recently had a lease come to an end on 12/31/19. The lease states that a 30 day written notice of termination must be provided or the lease goes month to month. I received a call from the tenant on 12/12/...
Shawn Skaggs
Realistic Reserves for Rentals in Oklahoma
I’m trying to get started investing in rentals in the Oklahoma City area. My question is about realistic reserves when figuring deals. I’ve been using the numbers discussed in a bigger pockets webinar that I attended....
Larry Flanagan
Tenant suggesting lawsuit
I have a new tenant complaining about steps at a property. From my property manager:"A few weeks back she sent photos and measurements of the front and back steps to the house. She’s correct in that they need to ra...
Karen Chenaille
1031 C-Store to Air BnB
Hello!
I have a convenience store for sale. I run an Air BnB out of my primary residence renting out 4/5 rooms. Therefore my primary residence is being used for a commercial venture. Would it be possible to use a 1031...