Hello everyone! I posted a few months ago that it's time to get started. So here I am with my first deal under contract. My realtor brought it to my attention when the seller approached him. We walked the property...
I am a property manager for my Dad's properties. None of my tenants know our relationship and all communication and maintenance requests go through me. I have an issue with a tenant, complaining that we aren't fixing ...
For accounting, I use Rentec Direct, which allows me to keep track of all expenses and then prepare reports for all of my properties.The information the system exports seems like it is most of what is needed to prepar...
Hi Everyone, I recently had a last minute cancellation due to Covid (same day cancellation). I informed the guests that I would refund there cleaning fee because the cabin would not need to be cleaned. I informed ...
First off I would like to say thank you to everyone that contributes here. The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.A...
Open to replies/opinions from ANY market. Should tenants get a grace period? Should they be charged late fees? Share your experiences with collecting rents and making grace periods/late fees work in your favor. I have...
Hello all,I just recently got married and we are currently shopping for our first house. We have an accepted offer at full price - home warranty and 5k towards closing cost for this house.https://www.redfin.com/SC/Sum...
Im turning my existing home into a rental (closing on another home in Feb). I have a pretty good handle on what I should charge for rent, but some extra feedback would be great.My neighborhood seems to be in fairly hi...
Hi all,New to BP and been drinking from a firehose--podcasts, books, consistent conversation with local realtor helping to find a property (connected before finding BP). I have family in Raleigh, wife and I can't affo...
One of my goals that I set forth Monday the 12th was to read "How to invest in real estate and post a short summary. First, let me say that this book is by no means an all-encompassing, in-depth guide to every facet o...