Clare Pitcher
Flat Rate vs. Percentage Based Managment Fee
Questions for the Property Owners using a Property Management Company: Would you rather have a property management company who has flat rate fees or takes a percentage of the rent?
Ashley Roush
Applicant has no social or driver's license number
We have an applicant trying to complete an application for one of our rentals, but they do not have a social security number or a driver's license number- which are required fields for our background and credit check....
Jim K.
Important lesson learned cheap, passing it on
This year, I had an impressive first in my landlording career. I've already had to change out two legacy bathroom sink drain assembles in two rentals in two months. Anyone who has had to do work on bathroom vanity dra...
Jacob R. Crosby
How to prove tenants is smoking in unit legally
Hello everyone!I recently bought a duplex with tenants living in it. On one of the side the tenants was smoking inside and had been for 4 years. When we did there lease we talked to them about how they will not be abl...
Sherry Lewis
My parents lost everything to a house fire today
Today my disabled parents woke up in their home to the kitchen fully engulfed in flames. They live in New Orleans and didn't have any insurance on the property because after Katrina, rates went so high they just coul...
Dzmitry Zakharau
To cornice or not to cornice?
So I'm about to start rehabbing this house, and in my opinion adding a cornice all around would make the house not look as boxy and add character for little money. Maybe even add siding. My contractor is trying to tal...
Nick J.
Great way to generate some CAPITAL as a newbie
I think most seasoned investors will agree that you need SOME money starting out. Most of those 'get rich quick w/ none of your own money' crap is easily bought into but no real substance. As a few days ago I've start...
Account Closed
Property has lien and adverse possession claim filed
I recently purchased a property in a foreclosure that I could literally profit up to 80k or more. It has a few cosmetic issues on the outside with no idea what's going on with the inside. the other little detail, it ...
Brian Henry
Tax Advice - College Rental Property
I bought a property last April that my son and 2 college student roommates are living in. Getting ready to do taxes for the 1st time since purchasing. Do I treat the property as 1/3 second home that my son lives in ...
Michael Reyes
Borrowing Private Money - Family & Friends
Good Morning BP Community,I'm looking for your experience and/or advice on borrowing money from family & friends. Although I don't have an opportunity to make an offer, I want to get money sourced ahead of when I...