Hello, this is my first post eventhough I am always actively following and reading Biggerpockets. I have a question regarding a rental property I currently own in Miami, FL. I am a long distance landlord and I live i...
Hi all, I had some tenants move in last month to a 3/2 SFR (I just closed on the property a month prior) and I really like them a lot. Good people. Anyways, the first day in, we realized the hot water heater needed re...
It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
Hi BP,
My first post :)
I started in Dec 2019 and am now up to 3.9k a month in pure cash flow. Need to get to $10k before I think of quitting and gunning for the end of this year. Looking to still get educated and m...
My wife and I have been analyzing wholesale deals we come across for almost a year, but the numbers never work out. We wanted to start doing quick flips, just in case the market took a dip. Our current project in Phoe...
One of my rental properties in Kansas City is managed by a property manager. My recent monthly owner statement included a $443 charge for replacing a kitchen faucet. Seemed excessive to me so I got a breakdown of th...
My current tenants are both medical doctors and refuse to let me inspect my property. They say I can't enter due to state and federal regulations and their professions. I think they could be using COVID as an cover to...
I was picking up the rent from one of my tenants tonight, and it occurred to me when they pulled up....every single one of my tenants has a considerably nicer car than me. Also almost all of my tenants (Except the one...
We all have different cleaning standards, but some people are just filthy! Below are images from an actual apartment that's been occupied by the same tenant for almost 30 years. He pays 15% below market rate but has n...