Hey BP, I have a smaller portfolio of long term rentals and I am looking for some protection advice. I’ve been advised to look into an umbrella policy. Any of you out there have experience or advice on an avenue to pu...

Typically I see house hacks work with one bathroom per 2 bedrooms or so.If you want to do an added perk, maybe include the train pass as part of the rent.

We rehabbed the entire property and added an additional bedroom to each of the units.

If you post under "jobs" you will have to pay for the ad.

If you do plan on finishing the basement, here are a couple of ways it can add value:Resale value: A finished basement often boosts square footage and market appeal, which can increase the property’s resale price or rental income potential.Tax benefits if it’s a rental: Renovation costs (like framing, drywall, plumbing, etc.) get added to your property’s basis and can be depreciated over 27.5 years.

If taking management in-house costs me even one deal per year, the extra savings disappear.

Adding the $150 from ARM is a significant bump.

Expanding to a three bedroom will likely attract a stronger tenant base and bring in higher rent, which makes the extra investment easier to justify over time.

If you get additional basis during 1031 because you did a bigger purchase, the added basis is treated as a new depreciable basis.

Seems like they were fat fingered and added a couple extra zeros.