All Forum Posts by: Rob Beardsley

Rob Beardsley has started 13 posts and replied 293 times.

Originally posted by @Matt McElravy:

Hi Rob,

I'm constantly reading (listening to) books in the car. I drive a lot for work so it's a perfect time for learning more about real estate and business. I'd love to see your list. Thanks a lot.

Originally posted by @Rob Beardsley:

Welcome Matt! I'm working on an updated book list if you're interested in learning more from resources outside BP. Good luck with your REI journey!

Reading is a great way to learn! Here's my real estate book list:

Crushing it in Apartments - Brian Murray

Loopholes of Real Estate - Garrett Sutton

Investing in Real Estate Private Equity - Sean Cook

Am I Being Too Subtle? - Sam Zell

Advanced Guide to Real Estate - Ken McKelroy

Risk Game - Francis Greeneberger

Happy reading!

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Originally posted by @David Bardwell:

@Kent McDaniel. I think you're right. If your home is not generating income, it's costing you. I presume you still pay taxes and insurance? If you want to accelerate your passive income, tapping into the equity of your paid off home may be a great way to reap the rewards of the hard work that went into paying it off in the first place. Otherwise it's not much different than keeping your money in a low yield savings account. Think about it... The appreciation (or depreciation) is going to happen regardless. Why not have the equity work harder in the meantime?

Agreed!

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Welcome Matt! I'm working on an updated book list if you're interested in learning more from resources outside BP. Good luck with your REI journey!

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This holds especially true when starting out:

The best deal you can do is the one you decide to walk away from.

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Hi Howard, welcome to the BP community! I'm focussing on multifamily investments, so feel free to contact me if you want to learn more or work together.

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Hi Erik. I fully believe in the power of leveraging your money. That being said, hard money loans are pretty expensive and I would suggest pursuing a bank loan instead if at all possible.

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Hi Joe! Happy to hear you're starting your REI journey. I focus on multifamily investments so I'll give you a few reasons why I prefer it: there is economies of scale on the expense side, cheaper property management, diversified income through multiple tenants, and scalability. Hope this helps!

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Hi again. Are these long-term, stable tenants? If these are otherwise great tenants, it might not be worth it to evict them. However, if they refuse to sign the addendum to the lease (assuming the new conditions are reasonable), they are not desirable tenants for you to keep.

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Hi Sergio, welcome! I'm working on updating my book list that I can share with you, if you're interested in learning more. Good luck with everything!

1 Vote

Hi Stephen,

Although I have never been in this situation, I would say you should negotiate a per-month "pet rent" that is often seen with rentals. Depending on the situation, pet rent could be $20-100 per pet. Additionally, you could charge a penalty fee and take it out of the tenant's deposit if they go against the agreed upon terms.

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All Forum Posts by: Rob Beardsley

Rob Beardsley has started 13 posts and replied 293 times.

Post: Hello Bigger Pockets Community!

Post: I own my home outright...asset or liability?

Post: Hello Bigger Pockets Community!

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Post: Lease states no pets, but showed up with pets

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Post: Lease states no pets, but showed up with pets