Adam S.
Fired Property Manager
Hey everyone!I recently fired my property management company. I will be self-managing. Do I need to issue an addendum to the lease and change all the emergency contact info for repair, how to pay rent, etc. Tenants a...
Desalina G.
Eviction if I owner occupy
Hi experts...I'm looking at a 3 unit in Chicago with a tenant that, according to the seller, refuses to leave. I looked and can see the tenant has a long history in small claims court and at least one other eviction....
Patrick Britton
here's a way to think about property management fees
My "net" income for one of my rentals was $330 before PITI, PM fees ate $140 of that. NET was reduced by 43%. Consider that the next time you think someone else can manage better than you.
Account Closed
My First Duplex, and I need your opinions!
Hey Guys!,I'm looking at buying my first duplex! I currently have a SFR as well, I will be owner occupying the new property so that I can house hack. I'm going conventional loan and going to put 5% down. I'm having a ...
Stone Denning
Newbie looking for suggestions
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...
Bruce Reeves
Is seller finance the solution?
Landlord since 1999. Duplex I lived in back in the day and kept after moving out. Very good area (Northwest Arkansas) and good property to attract solid tenants. It's been 95% good experience all these years as I scre...
Tal B.
IRR v. Cap Rate
Hi all, I was wondering if someone can explain in clear and simple language how is a Cap Rate different from IRR. I understand Cap Rate (NOI/Asset) and kinda understand IRR. Correct me if I'm wrong: It is when the ...
Jacob Allen
Greenville, SC Search
Hi! My name is Jacob Allen, and I'll be moving to Greenville, SC this fall and am looking at getting into REI. I attempted to get started with REI back about a year ago, and after doing some research and listening t...
Pratik P.
Private money investor for down payment?
Hey awesome people of BP!I have a question for you guys regarding private money...here's my situation. I and my partner are looking to get into buying rental properties in the sacramento area. The type of property we ...
Andre Lewis
Should landlord or renter cover utilities?
Hoping to get some thoughts on landlord vs. renter paying utilities. I plan on not including utilities in rent, but want to get different perspectives on the topic. Thanks!