Forecasters are saying this could be one of the strongest El Niños on record for Southern California. For those of you with rentals in the LA area, what are you doing to get ready, if anything? Roof inspections? Gutters? Talking to tenants? Reviewing your insurance? Or just waiting to see what ha...
Hi all, First let me say I have been following BP since the beginning. I am a Realtor in Florida. Due to spouses’ job, we rent an apartment in Miami. I know the situation is illegal and quite serious but I am looking for advice as to how to move forward. Management co uses the Bilt app. We can ac...
As a mediator who works with landlords and tenants I can tell you that the majority of security deposit disputes I see could have been prevented with three simple steps. Most tenants do not get their full deposit back. And most of the time it is not because the landlord is being unfair, it is bec...
Hey everyone, I'm a local owner starting a property management company and I'd love some input. As an owner, my biggest frustration was surprise bills. My property managers would go with whatever vendor was easiest, not the most cost-effective, and I'd find out at the end of the month with a big ...
Hello, I am a newer landlord and have a tenant in place on a two year lease with one year just about finished. They just asked if they could get a pet. Our lease in place allows no pets in the unit. Obviously this would require a modification and potentially a fee. Has anybody experienced a pet a...
When evaluating a rental property for potential DSCR financing, what numbers do you focus on first? Do you start with projected rent, operating expenses, debt service, or the overall cash-flow picture? How do you approach the initial analysis?
When a tenant calls and the person who needs to fix it isn't there, what information do you leave for that person? I used to handle a lot of calls for a roughly 90-unit portfolio, and the hard part was keeping the next step clear when a call couldn't be finished right then. I'm interested in what...
There are some very good property management and portfolio tools on the market. My hesitation has always been the long-term subscription cost, especially when I may only need a small portion of what a larger platform provides. Instead, over time I’ve built several tools around the specific decisi...
Has anyone had roaches in a property? Any tips? There were 6 spotted over a month. Pest control came 2 weeks ago, but since, two more have been spotted, and we are bringing pest control back. Tenants are fairly clean, but they have little kids (read: sometimes crumbs) and also use cardboard boxes...
Hi All, I have a couple rental properties in Arizona and Cleveland Ohio. I just moved to Columbus, looking to network with local folks. I'm considering a 1031 exchange to buy a rental in property in Columbus.
Every car looks good when it's new. Every guitar is shiny hanging on the wall in the store. Every new TV looks spectacular when somebody first plugs it in. I'm much more interested in what happens later. Does the car still start every morning at 100,000 miles? Does the guitar stay in tune, or doe...
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...
Hi team. If you've worked or know a general contractor with reasonable prices please send me their info my way. I need general repairs like painting, patching dry-wall, installing flooring, etc. Thank you.
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.
For a $1,600 per month 1 bedroom apartment, is it common to get first and last month rent plus one month security deposit before move in?
Real Estate Investor & Operator — Here to Learn From Other Owners Hello BiggerPockets community! I’m Sonia, and I’ve spent much of my career in real estate, property management, leasing, operations, and investment strategy. One area I’m especially interested in right now is the part of real estat...
I’m looking for practical input from California landlords on resolving a security deposit dispute without creating a bigger problem. A former tenant is demanding the return of their entire security deposit. The dispute concerns a deduction for excess electricity use associated with a high wattage...
I ran a worked example this week on current Texas numbers and the result is worth putting in front of anyone buying a rental on short-term money right now. The file: a single-family house bought on a hard money loan, renovated, rented at $2,412 a month (the August Houston average per HAR). Taxes ...
Finding a great tenant can feel a little like dating. Everyone is on their best behavior in the beginning. Then sometimes the red flags start appearing before you've even made it official… 🚩 Every previous landlord was “crazy.” 🚩 They want you to make an exception to just one little rule. 🚩 Then ...
I pulled every recent sale on the Edmondson Ave corridor (21229) this week. The spread on one avenue tells you the whole story of West Baltimore right now. **It's not one market — it's about twelve stacked on top of each other.** Within a few blocks you've got rowhouses trading for a few thousand...
I used to run a Real Estate Meet-Up several years ago in Soldotna for Central Kenai Peninsula investors. I would like to get it going again. If you are interested vote "YES" in the poll and message me your contact information so we can start planning a day and time in the near future.
Curious how everyone's managing multiple properties & what system you're using, & actually enjoy using. I self-manage a few right now and it all lives in an Excel sheet I built myself. It works fine, but I'm manually entering everything, which is getting old. What I'd love is something that holds...
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...
Property managers often sell owners on separation from tenants, anonymity (which should not be confused with asset protection), compliance & access to more responsive vendors and better vendor pricing. But hiring a PM does not automatically transfer risk. In fact, many management agreements leave...