Wesley Thompson
Maryland Mobile Home Park Acquisition
I'm looking at a small MHP, 6-Units, in Maryland. It will be my fist MHP and commercial property. It's a small market about 30 minutes away from a small city in MD. pp=$305,000
4 of the 6 units are occupied at $850/m...
Robert Johnston
Normal Wear and Tear?
Good Evening All,In preparation for my tenants vacating a property on 4/30/19, I conducted a walk-through inspection, which revealed a long list of damages and cleanliness issues. I'm specifically curious about every...
Waylon Smith
STR Cash Flow Analysis First Time - What do you think?
Hey everyone. My wife and I are ready to invest in our first STR. I know BP has rental calculators and I will likely use them in the future. However I wanted to do this manually so I can learn it myself first. I would...
Sofia Sharkey
COSTS TO CONSIDER WHEN ESTIMATING SHORT TERM RENTAL PROPERTIES
Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...
Christopher Price
Water shut off guide for tennants. Good or Bad idea?
Hello everyone,I own a 4-plex and have run it for 3 years now with success. Recently I ran into an issue with a tenant. She had a leak under her sink and was unaware how to shut the water off. I was able to get to ...
Jo Jones
tenant landlord dispute
In the state of Indiana is the following a legal itemized listing- I sent these to my previous tenants and they are disputing it
First letter:
I am not returning any of your deposit. The house was left in a horribly ...
Jack Lee
Maintenance Proportion of Rent?
Hey guys,
I was wondering what the typical maintenance cost as a proportion of rent is.
Theoretically, if we do segregation analysis to see what the rate non building equipment depreciation is, that is our maintena...
Shelly Mainus
Plumber Negligence lead to water damage
My furnace recently died and I hired the local fuel company to install a 10k furnace. The price seemed pretty steep but it died when it was -30 out and I had tenants in the unit. Two weeks after the install I get a ca...
Daniel Estigoy
The most common problems tenants call to complain about
hey there i will be new to landlording in a few months and would like to get my single family home ready to rent. what are some things in my house should i focus on repairing or replacing before a tenant moves in? wou...
Alex M.
Mixed use 4 unit property
I'm considering buying a mixed use property which is a very interesting place.
To begin with, the building is vacant and although the seller can finance it himself, I am only looking at the option to buy through a FHA...