Joseph Weisenbloom
How do you handle tenant AC costs?
Tenants love to crank AC systems to absurdly low temperatures which creates a high likelihood of breaking the AC unit. In my area HVAC techs charge $1000s just to look at the unit after it breaks. I have a 3 year old ...
Marie S.
How Do You Pay Yourself?
So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"
How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate yo...
Kevin Norton
Irish Kevin from Boston, Ma. is joining the Group. I am a B.U.M., Involved with Multifamily.
Hello BP Members,
I am new to this great community of like minded people and willing to help and learn as well.
Now reside in Boston, Ma. where the market is once again picking up speed and going out of control. Are ...
Brian Hoff
Dave Ramsey style minus the money?
i just joined BP the other day. Still reading "The Ultimate Guide". It's still a little confusing and overwhelming to me.Here are my thoughts. I have under 10k sitting in a savings. This is what I want to use to start...
James Conaway
Tenant minimum to pay for damage
Is it legal to require a tenant to pay for damages to units regardless of cause? Similar to a deductible for insurance?I am being told by multiple landlords they put a clause in the rental agreement that any repairs b...
Tyler Cruz
ACTUAL Repair and CapEx Costs?
Hi,I've been looking for a property for about 8 months now and am now getting very close to purchasing a place. I've learned a ton in the past 8 months and have focused on "doing the math", and I have pretty ridiculou...
Yoochul C.
PM Termination Fees = Robbery
Just found out that through a buddy of mine (and other research from asking other PM's) that these PM's charge an exit fee or termination fee to get out of a contract. Sometimes these fees can be very aggressive. Eve...
Jonathan Steiger
Best area for first duplex purchase in Midwest Ohio?
My fiancé and I are looking to do a house hack. We are looking to buy a duplex in the next month or two to start our real-estate investing journey. We plan to probably live in one unit and rent out the other to get ou...
Samantha Klein
Replacing toilet guts before renting
Hi BP,I just got a service call for a leaking filler valve, it was spraying in 2 or 3 directions and leaking down the tank, this is the first day of my tenant living here too. I had my handyman replace the guts and I ...
Anna Sarvis
Using a Heloc to BRRRR first long term rental question
My parents are interested in buying a property in their neighborhood using a HELOC to buy it for cash. We are brand new to real estate investing and are not sure how to go about this deal. The property is listed for $...