Liam ONeill
Propert management renovation fee
Is it industry standard for a property manager to charge 10% of renovation cost over 10,000 because typically there will be attention needed from them. I should mention the pm hired a general contractor who gave us a ...
Nate Boda
FHA vs Conventional Financing as it pertains to CASHFLOW
Ok so here's the scoop:I am a beginning investor looking for my first buy and hold investment so as to get my feet wet. I am headed in the direction of a multi unit; a four-plex would be great since that is the maximu...
Tim Coppola
Sump pump backups
I bought my first property earlier this year in Chicago and it has a sump pump in the basement unit. Being that this is my first property and I have never dealt with sump pumps before I had someone come out and look a...
Katrina P.
furnace efficiency
Hi All,I have to buy a new furnace for one of my rentals. What efficiency is everyone buying? 80%? 95%? 96%?
David M.
Example of a SS double close in CA?
Ok, I have a hand full of short sale files on my desk.Clients already agreed a SS is the best solution. I would like to flip these to end buyers, but I want to make sure all ducks are in a row before it blows up in my...
Steven Barr
Are you allowed to use the security deposit to "turn" property?
Hi BP! Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?Are you legally allowed to use it to fix "wear &...
Bud Dwyer
San Diego or Phoenix?
I'm about to sell my condo in downtown San Diego and should end up with around $130k after costs. I plan on doing a 1031 exchange to buy more investment propertie(s).I was planning on buying about 3 triplexes or quad...
Jason Turo
Daily rentals (Airbnb) - door locks
We will be doing an Airbnb from out of state. We have a house that we'll rent the upstairs and downstairs separately with their own access, and the entire house as a third option. The door lock vendors on Airbnb's we...
Joseph Varnau
Syndication tax question
Hi all, I am still fairly fresh and new to BP....but have searched for this answer and have not found it yet. This question is for anyone that has been a syndicate investor. It seems most syndicates have plans for s...
Luke H.
Hypothetical : Should I consider this rental application?
Hi everyone hope all is well, Hypothetical : I received an application from a person that admitted breaking an apartment lease 6 years ago, but since the application doesn't say "no broken leases" on it, he wants his ...