I purchased my first 4-plex earlier this year. The building was fully rented and three of the tenants are long term renters and smokers. One of those tenants has decided to move out and just recently gave notice that ...

BPers! Quick question when you purchase a multi-unit property and you see the property needs some obvious repairs (ie. purple carpet) yet the units are occupied, do you incorporate any repairs into your analysis up fr...

We recently experienced water in basements in two of our properties.  Both properties have gone through many rains without any water issues.  After investigating we found damage or missing downspout extensions.  This ...

The utility room in one of my rentals is in the center of the house without access to an exterior wall. The dryer vents to the crawl space into PVC pipe. The run is about 15 ft. with a few 90 degree turns. When th...

Hello everyone! I'm new and just sent off my first batch of yellow letters for multi- family units. I've just got a response from a motivated seller that's in a very nice upscale state. She's looking to sell or even p...

A friend and I are interested in flipping a house. I have been reading up on the subject and it was suggested that a great place to start is with sweat equity and learn first hand by being a "Flip Assistant." I have a...

I am looking at two potential duplexes. I'm in a small town Texas with a moderate amount of appreciation, but stable retirement population and blue collar workers with steady (though slow) growth. There is a community...

Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?

Scenario 2: ...

When a tenant moves out, does he needs to fix the holes in the wall he caused such as for curtain rods, hanging tv, and broken air vents, there is also a large broken window and nicks on the wall, l don’t want to be t...

I was thinking it might be worth adding to the budget monthly (or biweekly) expenses for cleaning services for each unit.  This would not only provide me with a monthly check-up on any problems (leaks, etc), but also ...