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We are in great state of Pennsylvania and have tenants who have been renting from us for 2+ years. When they initially rented from us, they rented an apartment in a property that I personally owned. Now they are renti...
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I inherited lousy tenants in a property (year lease) who are threatening to sue me for a slip down the stairs. She didn't seem injured but yadayada had to go to the doctors and did xrays yadayada. Now they're saying s...
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What is a safer bet, investing in commercial buildings, or investing in residential properties. If you become a local landlord to shops in a town, would that be better then if you had homes there?
Thank you.
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I'm located in a rural area of north San Diego County in a town called Fallbrook. My wife of 2.5 years and I were blessed to be able to purchase our 1bd 1bth 729 sqft condo back in 2020 for $220k. The market now has a...
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Hi everyone, I was wondering if anyone had an automatic payment system setup with their tenants to receive monthly rent payments automatically. This way you don’t have to physically pick up rent or wait for them to m...
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My goal is to purchase my first STR this year or early next. The location I have my eye on is a 3 hr drive from my home in a vacation destination. My question is: How do you know whether to hire a management company o...
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My property manager contacted me to let me know a tenant in one of my duplexes has been given a dog. They asked me if I would consider collecting a 200.00 pet deposit and 25.00 a month for pet rent or if I wanted to e...
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Hey BP, I think I might have just had the craziest idea ever, and I need somebody to smack some sense into me and tell me it isn’t possible. But if it is possible, then it would be amazing.
So not too long ago I p...
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I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
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Does anyone have strong opinions either way about purchasing turn key properties for buy and hold investment? Have you had success with them and stand by the model, or on the flip side, have you had a negative experi...