When analyzing a potential rental, what's the first number you look at? Purchase price? Rent? Taxes? Cash flow? Debt service? Something else? I'm curious whether experienced investors have developed a consistent order for evaluating a property.
Hey guys and gals, hoping for some advice on how you manage our water utility bills. We own two duplexes and currently our renters pay all utilities except water. When we first got into real estate a local investor told us to always keep water in our name because it was a bigger issue if it gets ...
Not selling anything, just trying to understand a workflow. Read a thread on here a while back where someone mentioned going line by line through their AppFolio owner statement PDF every month, manually re-entering it into QuickBooks because they wanted their own books, not just what the PM sends...
Hi all, I'm thinking about whether and how to sell my rental in Brightwood. My goal is to cash out, pay off the liabilities and invest in another asset. Just earlier this year, I jumped through all the hoops, made a bunch of repairs and got a 2 year BBL. The house currently has tenants, most of w...
Write your I’m a Detroit area investor and I’m curious about the challenges that out of state investors face when managing properties in Detroit remotely. If you own rentals or investment properties here but live elsewhere: What’s your biggest headache? Finding trustworthy contractors? Monitoring...
Hi BP community! Newbie here. We are preparing to list our current home for rent and become landlords. This will be our first investment property. I'm a little overwhelmed on where to list and where to screen and the more I read, the more confused I get. I've seen mixed reviews on Zillow Rental M...
I am trying to recover debt from a former tenant and found a company called Front Lobby that allows you to report debt to the 3 credit bureaus for a fee. Has anyone used this service before? Looking for Pros / Coms and alternatives.
Memphis operator since 2003, few hundred doors, majority Section 8, own crews and own management. This one is time-sensitive and it's the kind of money that gets left on the table quietly, so I'd rather post it now than write something cleverer next month. WHAT HAPPENED HUD published the FY2027 f...
Hey BP Community, I’ve been following the discussions here for a while and wanted to officially introduce myself. My path into property management started with a legal background. While practicing law, I saw firsthand how quickly a small oversight in a lease, a delayed maintenance request, or an ...
I will be renting 4b / 2.5b home in the suburbs of Georgia in the next few months. It’s has hardwood throughout, fenced yard and screened patio, great school district etc. I will include appliance except microwave and small dogs will be ok. I also want manage the property by myself and I do have ...
Hello All, My name is Dilshad I live in Virginia. I am new to the Real Estate categories. I'm more interested in Real Estate rental/commercial rental properties/private lending/. But my first goal is to learn of rental properties of NNN leased. Wasn't sure where to turn or go as confused myself. ...
how can you change from management company when your previous management person doesn't answer your texts and phone calls to at least let them know you don't want to work with them anymore . can you do it by just sending them a notification that you're no longer working with them? . this is one o...
For experienced landlords: What expense surprised you most when you first started? Maintenance? Vacancy? CapEx? Property management? Insurance? Something else? Would love to hear the expenses newer investors should be building into their numbers from day one.
Hi Fam, I really don't know where else to turn to: i have a tenant with a 1 year lease in rent-by the-room unit in Salem MA, who is driving everyone crazy. Other tenant called Police on him because he started recording her resting on the living room couch. It has become unbearable for all, and la...
Hi everyone! We are about to list our first long-term rental and wanted to find out which screening software did you prefer Transunion Smartmove, Zillow, or something else? We have heard horror stories from other landlords so hoping to utilize the best one for a reliable tenant. Thanks in advance!
How do you find your sec 8 tenants. For 8 years we put a sign in the yard and that sufficed. We just hired a mgt company so I am assuming they will put on MLS and syndicate to all the big sites.
If you have a nice house in a decent area will sec 8 tenants and their kids stay a while thus minimizing turns. Do they stay longer in 3-4 bed houses or 1-2 bed apartments
Hi I recently put my property up on zillow. I have my own agent who I think listed on the MLS. Anyways my agent is being taken care of. However the tenant's agent who found the property for their client is asking me for a commission now. He wants me to deduct it from the first month's rent. Is th...
I would like to get some investors' opinions on the pros and cons they have experienced on renewing a tenant's lease or just letting them go month to month. If you have a good tenant and don't want them to leave, does it make sense to do a renewal and risk them denying the renewal and even potent...
Hi everyone, Looking for advice from experienced landlords on how to handle a tenant property alteration and material loss situation. Background: In California, I've a rental property where Luxury Vinyl Plank (LVP) flooring was installed about 6 years ago. At the time of installation, 1.5 extra b...
Hi yall, I'm doing some research on tenant portal, property management software and wanted to get input from people who actually use it day-to-day, rather than just vendor marketing pages. If you manage properties and use one of these platforms, I'd love to have a discussion for example: What's s...
I became a landlord after we were unable to sell our previous house, and decided to rent it out, but our circumstances have changed and we now want to move back into the house ourselves. The tenants will have only been there for 1 year, and their lease runs through January 31. Our plan is to move...
I screen listings against a hard money purchase test, and tenant-occupied rentals for sale keep producing the same answer. Houston, Harris County: 325 of them. San Antonio, Bexar County: 181. A twenty-zip corridor south and east of Houston: 25. That is 531 listings across three markets, and not o...
As we head into fall, I’m reminding Northern Kentucky rental-property owners that a little preventive maintenance now can help avoid costly winter emergencies. Here are a few items I recommend checking: • Service the furnace and replace the filter • Inspect windows and exterior doors for drafts o...
Regarding detached garages is it ever beneficial to convert them to adu’s