Corbin H.
How to fund massive unexpected repair
I had a sewer line collapse at my rental. The city came out and said it isn't city responsibility. Insurance came out and said it isn't covered. Plumbing company doesn't have a payment plan. All in they want $20k that...
Michael Plaks
Straight talk: my CPA keeps delaying and is not responding
We accountants are regularly approached by investors who are unhappy with their current CPAs being too slow to finish the work, too difficult to get hold of, too unreliable, too something else... So I decided to open ...
Greg D.
Buyer Looking to Back Out
I'm a first time home buyer (in NJ), and shortly after attorney's review I had buyer's remorse. I made a poor decision and rushed to put in an offer due to pressure from my agent. I met with a bank's mortgage speciali...
Kenyatta Donley
Newbie with Property Under Contract
Hi...I am a fairly new member to the community but have been following the podcasts for a bit. I just wanted to take a second to share that I got my first property under contract. I am based in Philadelphia area and p...
Jason V.
If buyer-seller can't agree on $, will agents sacrifice their %?
Buyer gave me a low-ball offer. Then they came up to $95k all cash, saying that's the best they could do. OK.... Well, I said $99k was the lowest I would go, considering the buyer's agent commission % is really comi...
Account Closed
What Do You Think of This Kansas City Deal?
My contact in KC offered me this deal. What do you think? 10338 Sycamore, Kansas City, MOPrice: $74,500.00Rent (gross income): $950.00/per mo.Property Mgmt Fee: $95.00/per mo.Insurance Expense: $45.00/per mo.Taxes: $6...
Marco G.
I'm a bonehead(?): I agreed to PM suggested large rent increase
I purchased a number of adjoining properties mid last year. This unit came tenant in place on their first year lease. My first lease renewal of 2016 comes up next month and PM suggested a 9+% rent increase. I was very...
Ryan M.
Why do people use property management companies
This is a question I have always had.......A property management PM takes upwards 10% of gross for receiving the rents. Bills every time for a repair and some add a rider on top of the repair. Bills a substantial amou...
Account Closed
Would you take $3000 or write a Bad Google Review?
Hi All,
I need some perspective because I am fuming and I want to make the right decision.
The Backstory: We have had a basement waterproofing company who was awful. They did both my house and a rental we have tha...
Nick Heil
From 0 to 84: How I grew my portable self storage business
I'll never forget the first time I stumbled across the self storage business.
I was on a trip to Florida in early high school with my Dad. We would often drive to Florida together to visit my sister, who at the time ...