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Here is a bit of background: A friend of mine and I have teamed up and are diving into real estate. Neither of us have any substantial cash on hand but we both have good jobs and good credit. We’ve teamed up because...
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I'm looking at a multi family unit which would be a turnkey rental opportunity for me. I'm a total newbie so I've run the numbers two dozen times with conservative assumptions on everything (high vacancy, high repair...
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I bought my two investment properties about 8 years ago and at that time hadn’t heard of Th e 2% rule. When I recently learned of it, I went and did the math. Each of my properties falls between 1.3 and 1.6%. I’m wond...
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Hello,
My tenant signed the pet agreement (addendum to rental agreement) prior to getting a puppy without my knowledge. I just found out she got a puppy after signing the document and not asking for permission. Wh...
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Hello Fellow BP'ers!So, I've been renting to the same tenants going on 3 years! Exciting, yes. Everything has been fairly uneventful with them - except for having to replace the whole HVAC system the first summer they...
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Our Question of the Week is again about data. You don't need an economics degree to see that rates and values are rapidly increasing.Read our data expert @Dave Meyer's take on it here" https://www.biggerpockets.com/.....
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Economic Update
(Monday, November 9, 2020)
The election is finally over. Now we can return to ...
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Had dinner one night last week with another guy who has had rentals for about 15 years and naturally the topic turned to deadbeats and why it's not their fault that they don't have the rent. The following is a compila...
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Hello BiggerPocket members,I'm probably in the wrong business but does anyone suffer from landlord guilt? I have a rent controlled building and petitioned to do a capital expense rent increase, which will raise the mo...
The floor guy came to install new floors. When he tore out the old carpet, he told the tenant that he smelled mold. There are no black spots or wet spots, and no leaks at all. The tenant has a husband and 2 young kids...