Joseph Hammel
Need a new accounting system!
Hello! I have been using excel for my accounting for 6 years. However with 38 units across 14 properties its becoming an issue. I do use Buildium to do applications, background checks, rent collection, tracking ect. B...
Brian Keegan
Is it rude to ask a realtor for their commission?
I am relocating to another state. I already have a realtor in the new state. He cannot sell my home in my current state, but he owns a brokerage firm and has a realtor that can sell in my current state. I really like ...
Kim H.
Cost to Separate Water Meters
I finally got an answer today on the cost to separately meter my intended 9 unit MF property...$8000 per meter just for the capital recovery fee for the city. Then add on any installation charges. I was shocked t...
Roberto Westerband
Interest Rates Question for Private Lenders
What kind of rates are investors getting from private lenders? What's the holding period? Are the payments interest only?
Christian Requejo
Average sqft. cost for a new construction home in Florida
Hello everyone. We have an opportunity to tear-down a home and build a new home. We are looking to basically tear down the home and build a new home. The plan is to use the same perimeter of the existing home to save...
Tyrel Templar
High risk tenant just got evicted
I have a potential tenant who was evicted from her last home. I offered to rent to her on a month by month basis. Increased rent $50/mo from my regular rate, 2xrent security deposit and a co-signer. I also let her kno...
Jesse Santos
Prospect tenant wants to negotiate security deposit of 1.5
Hello all!I'm asking for 1.5 month's rent for security, which totals to $5,700. Prospect tenant says he counters with $4,000. He's signing a 2-year lease agreement and we already came down on the rent by $100 after ne...
Gregory Butterfield
Super Noob Question - Closing Costs
Hi BP!I am having trouble finding a good explanation of what constitutes closing costs. What factors effect the amount of the closing costs? Is it based on the sales price of the property or the amount of the loan? Is...
Pradyumna Vanam
Considering renting instead of selling
We moved to a new home but could not get to sell the old home yet. With the market on a down turn I am not sure selling is a good idea. I am starting to think if I should rent it out for an year or so. I tried putting...
Tyler Clark
Seeking Advice : Renting out $500k 3,300 sqft New Build
I have a brand new renter friendly $500k 3,300 sq/ft home in the Houston greater area and I am considering renting it out as I work overseas and don’t need to occupy the home. I am curious about others success renting...