Kristopher Tursky
Adding tenant to lease
A tenant would like to add her boyfriend to the lease. I pay trash and sewage. Do I raise rent for the additional tenant? And should I add this person to the lease or simply approve them moving in?
David Willis
Use net worth to underwrite 5 Percent gap funding on $13m SFR portfolio
I have the opportunity to purchase a 13m SFR portfolio, however, most of my available cash is deployed into a 1031 and BRRRR deal. So I know that I have cash to repay the gap within 12 months. I can still fund roughly...
Aaron Smith
Estimating expenses when the owner uses the ol' shoe box method
Hey all, I've identified a property which, so far, is looking good. However, the owner uses, as the realtor put it, the old shoe box method of accounting. Which means she has no way to provide expenses on the property...
Christina Wrightsman
How long did it take to find your first tenant?
As a newbie I am curious how long it took others to find their first tenant(s) ? I closed August 8th on my first property, took two weeks for a cosmetic remodel and the condo has now been on multiple sites as availabl...
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating asset
I would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage d...
Cathy Svercl
Rent credits for cleaning & painting by future Tenant
Hello, We have a triplex in a lower-income neighborhood in the Tampa Bay area. We have a pretty good Tenant who is moving from one apartment unit to another. The previous Tenant left the place dirty, and several rooms...
Account Closed
Embracing debt at a young age
I'd like to get some opinions on debt. I'm 23 and have 6 figures on school loans, which don't bother me a bit, matter of fact I refinanced them from 12 to 20 years to free up cash for REI (cutting my interest in hal...
Dennis S.
Suggestions needed for dealing with a Tenant
First, I apologize for the length of this post, but I feel some background is needed.Early this year I purchased a Triplex with 3 occupied units. None were on leases so I got 2 of them signed into a year lease pretty...
Keith A.
Flying solo - renting out rentals without a Realtor
Hello All. Input please. After 15 of years of using a Realtor to fill my properties, I feel I want to move forward without the persons help any longer. Main reason why is sloppy work, poor communication and flippant...
Steve Vaughan
A commercial mortgage bites the dust!
I never do this! A little nervous with the Just Stop thread going on - but had to share. Freedom is more important to me than anything. It's why I do REI. My 3-word goal for 2017 (if you remember that thread) was 's...