Jon Dang
Closing soon should I be worried? Vacancy? What to look out for?
Hello BP family,I was scheduled for a closing this Thursday. Quadplex: 2br/1bath, cost $211k, seller pay closing. C class neighborhood. Repair 5k. New roof. Older hvac 12 yrs old.Cash flow:600/month with PMHowever, th...
David Rogers
Chicago Landlord Returned Security Deposit No Interest
Hello BiggerPockets,My former Chicago landlord just mailed my security deposit back without interest. I know it'd be only about $1 but it seems he should know the procedure for this sort of thing and should not be tak...
Gulliver R.
Typical Monthly STR expenses
Hi All,
I'm doing some STR research prior to buying a property to use for vacation rental and I wanted to hear from you all what are the typical STR monthly expenses? I can think of mortgage, taxes, insurance, STR in...
Andrey Y.
Significant Net "Losses" on Taxes despite Positive Cash Flow
I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
Alyssa K.
“Lettered” Emotional Support...Chickens
For those that saw my first BP post yesterday asking if you would allow chickens, and if so, what you would charge for a deposit...I met said applicant today. When I informed her that there would be strict guidelines ...
Susan H.
Intuit Payment Network former users: What are you using now?
Thanks to all the excellent advice, I'm considering using an online process to collect rent from my SF residence. I was thinking of using Intuit Payment Network but discovered it's been discontinued. So...looking at e...
Bradley LaBrie
Individual A/C units per unit?
I'm putting in four furnaces, one for each unit, in my 4 plex and my HVAC guy said he would just have two AC units to run the 4 units and split the bill. Smart move? If so, how do you bill your tenants? Or just spend ...
Brad Spies
Tenant locked themself out of the house.
I recently had a tenant lock herself out of her house at 9:30 at night. Luckily, I was available and only live a few miles away to come unlock it for her. Does anyone have a good system in place to deal with this. I’v...
Max Emory
Basic Differences Between a CPA and Bookkeeper
Honestly, most of the questions I get as a Bookkeeping Professional are tax-specific. I’m always happy to answer but I have to disclaim that, “I’m not a CPA,” and, “You should verify anything I say about taxes with yo...
Anne M.
temporary removal of 2nd egress
Hi all, I am doing a house hack with tenants on 2nd floor and me on first. Main egress is enclosed stairs on front of house. 2nd egress for tenants are stairs in back leading to yard and driveway. The stairs need to b...