Joseph Baron Fuller
How many units is too many for one person?
I want to know what most property managers have in place to handle large amounts of units. I currently run 150 lower end SFR’s, 5 Complexes less than 15 units per and a mobile home park totaling 230 units in two citie...
Sandra Stone
Charge for fixing gate?
Hi everyone. Last July, my tenant asked me to fix the spring(s) on the garage gate. I said that I would address it when I had more $$$ to cover the expense. (it wasn't just the springs, the gate won't open automati...
Vincent Dimedio
Certificate of Occupancy on flip in NJ
I recently signed contracts on a forclosure that needs to be repaired and updated e.g- new windows, floors, fixtures, walls, appliances etc. Major components like roof, foundation are ok but property as- is would not ...
Sid Montero
Newbie Purchasing Tenant Occupied SFH
>Do I get the deposit the tenants gave the present owner at my closing or do I have to request a new deposit?> I plan on raising the rent by $100. Even that is under market value. Do I let them know now before ...
Matt Maves
Schedule E supplies or depreciation?
I'm curious as to what is considered "supplies" or "cleaning and maintenance" and also if I need to depreciate.Each year I purchase a lot of mulch and annual flowers for my rental. I do all the work myself. Would I ...
Michael Roetzel
House has to go through probate?
We were set to close on a single family residence this Friday, when yesterday my realtor and I received word from the title company that the house would have to go through probate. But I'm not sure why. From what I ga...
Alejandro Tirso
Making an Offer on Pre-foreclosure
Hello all,I’ve found a property that’s in pre-foreclosure in NJ. I’m wondering how financing on these works. Could I get a conventional mortgage if the house is in livable condition? What do I need to get from the ...
Marilee Haney
Estate sold via sheriff auction, heir just found
First my apologies, I was unsure which forum. Short version: Owner of property died 4 years, 11 months ago. Property sold at Sherrif auction in October with final hearing for release of funds on 12/11. Direct heir...
Jose Ortega
70% Rule Repair cost or Appeal cost?
When applying the 70% Rule to evaluate a property. Under "Repair" cost, do you evaluate what in fact "NEED" to be replace because is damage or you add a "REPAIR" cost because you want to upgrade?
Example: a floor is ...
Rick Howell
Play by the Rules: 5 Steps
Rules provide structure to our world. It is no different in the investment property world. Without rules, staying focused is difficult if not impossible. Working without a good framework will likely leave you feeling ...