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We fired one of our property managers a few weeks ago and are now hearing about issues of negligence and possible criminal activity with missing tenant payments and/or not properly handling security deposits. Because...
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How do you go about insuring that your units stand out in their given area, attracting higher rents and more quality tenants, without overdoing it and wasting valuable money? Do most of you find only one or two differ...
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Hey BP Community, hoping you can help me out...The Set Up: Buying my 2nd buy-and-hold rental property, and this time I've found a relative who's willing to lend me $75k to finance the deal. Having never done this bef...
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I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
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This is the first time listing the rental property as an agent representing myself. I almost went through an eviction on my last property in Chicago and wanted to be extremely cautious when screening a prospective ten...
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I've been a landlord for a little over 2 years now. Had to charge my first late fee today. I want to make sure I got it right, since the lease agreement I used for this tenant was a standard form and it's not exactl...
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- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?
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There are many properties for sale in my region, but may not cash flow. Here is an example (remember that this is California)
$140k for 1,400 sq ft
3 bedroom, 2 bath
Rental rate = $1,250 a month
At 20% down, that w...
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I'm trying to take the approach of having my money work for me instead of the other way around. The struggle, however, is balancing what looks good on paper with what I want to do; being disciplined and careful, but n...
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seems suspicious. earlier today I got a FAUX e mail from A FAUX closing attorney wanting me to wire in multi thousands for a closing that was a fake. I mean someone must be falling for this stuffHi Jay,Im Fresh out...