Ronald Starusnak
Ten Common Eviction Mistakes
EVICTIONS CAN BE A NIGHTMAREYou did your due diligence, you purchased a property after running your numbers, you found a great tenant, checked their background information, verified their income, and followed up with ...
Joe H.
Becoming an Interim Landlord During an Eviction
Without getting into too much background detail, at the beginning of August, after a tumultuous couple of months, the PM of 6 years for our Birmingham property had decided to terminate our contract, effective Augus...
Weis Sherdel
Basic Appliances with Turnkey Properties
Dear BP Community - Do you know if it is standard for a turnkey property to come with a refrigerator, garbage disposal, washer, and dryer by the seller? If not, are these typically bought by the Buyer (me) or the tena...
Matt Ashton
Auction.com. Does it work for you?
I recently joined and subscribed to Auction.com. I see a few interesting items pop up. Some with buyers premiums, some without. Some online auction with seller reserves and some just an advertisement for the courth...
Jessica Wise
In KC doing it!
3 months of research and self educating, I Making the leap to get started. Here I am in KC this weekend meeting with a few turnkey providers. Excited and nervous at the same time. I brought a friend/coworker with m...
Marco Campos
Analyze my first Apartment Building deal
Looking for feedback on the possible deal below.This property is in a B to B+ Neighborhood.13 Unit $490,000 (loan would be 5.5%, 10 Yr, 25 Yr amortization w/20% down)9- 2 Bdr and 4 1-Bdr (2 bd apts range from $700-750...
Chelsey Hamill
What info is needed to make an offer?
I am using the method from the Rich Dad Poor Dad book the ABC's of real estate investing, for figuring out offer prices. The equations are pretty simple: Income= income-vacancy. NOI=income-expenses.Cap rate = NOI / co...
Derrick U.
Caps in Phoenix are low
Caps in Phoenix are 5-6%. How on earth are you suppose to make money?!
Tom Herzog
Tenant wants out after 3 days
On Friday, I signed a 12 month lease with my tenant. She paid the security deposit and first month's rent. By Monday she called, saying that she didn't want the house anymore and she wants a full refund. Her cited rea...
Carlos Perez
Quickbooks Special Assessment Tracking
Hi, Not sure if the tax forum is the correct section to post this. Its accounting, but eventually about tax.How should Special Assessments be tracked in Quickbooks? And how do I depreciate/tax it?My HOA created a spec...