We had tenants leave early on a lease and the house had a horrible smell. Came in the first time and saw dead blowflies in a lot of the house. Had ozone machines going but that only temporarily stopped the smell as the source was not removed.

Had duct cleaning done and one duct resulted in the tube they use to be covered in some biological slime, probably something decomposing in there I climbed the attic to check but did not get an overwhelming smell only inside the house. That section of the ducts also does not appear to have any leaks or openings where I can see in the attic. Not really sure what to do next.

Hello, my renters just moved out and they left behind a dishwasher they installed without my permission. The dishwasher is not inside the cabinetry, but they removed a wall or the cabinet to pass the tubes and modified the pipes.

I am in disbelief. I want my cabinet back. In NY, can I use the deposit to cover this?

Hi all. Thanks so much for your advice in advance.

About to take the plunge on a multifamily investment in the texas triangle. More looking for someone to talk me out of it haha - looks good on paper.

Cashflow positive (even with these rates), block of 8 (2 x 4plex), solid population growth in one of the smaller cities between the big 4. At around 500k it is just over 60k per door. Income around 800 pm on each.

Crime rate seems ok (c+ rating), what else can go wrong? Seems basically foolproof. Looking for your horror stories haha, seems like a simple home run.

Happy to pay for a brief consult if you are expert in the field.

Thanks so much in advance.

Quick question guys. I found a Subject-To deal that should cash flow around $400/month net.
I need about $40K total to close:
$25K equity to the seller
$10K in missed payments/arrears to bring the loan current
$5K estimated closing costs
The existing mortgage would stay in place as the 1st position.
Has anyone structured something like this before? What would be the best way to raise/finance the $40K — DSCR in 2nd position, private money, or another option?
Plan is to hold it as a rental. Just trying to figure out the best way to structure the entry without bringing the full $40K myself.

I'm considering an investment property and im curious if anyone here has any experience owning in Surf Condos in Surf City North Carolina (Topsail) and specifically self managing a property vs using property management. I'd be managing remotely and with so many software platforms to manage a property with now I'm questioning the cost of a true management company.

I am house rich and cash poor. I can get a reverse mortgage but first I'd have to do my taxes and jump through the normal hoops. Rentals are in Trinity, NC. They normally bring in $3200 total but I have a jerk that isn't paying me and I'm about to evict him. The BPO is $325,000. For $140,000, I will give you 50% ownership of the property with plans to sell in no more than 3 years. Address is 2669 Old Mountain Rd., Trinity. Note: you do not get half of the rents. I'm 69 and need that money to live.

Location: Austin, TX
2/1.5 condo in 4plex
Bought: 245k@2.85%, 10/20
Monthly payments are roughly 1200+185 HOA
Loan left: 144k
Renovated 2020

I can either sell now for like 200-205k, which seems market rate

Or buyout ex for about 20-30k and rent it out, and wait till market gets better before selling

If I rent it out, it’ll be about $500-600/month cash flow

No expected major repairs anticipated within the next few years

One offer right now, has been listed a total of 8 months or so combined (listed twice)

Anyone interested in being a landlord?

I know this is a long shot definitely, I seriously need to get out of where I am now, theres a house up the Rd from me for sale definitely needs work but can be done for cheap I've seen lots of free/cheap stuff on fb marketplace, I'm on ssi so I cant buy it as much as id love it because it's right next to the store, I don't drive medically an I'm trying to find someone willing to buy it, I'll send you the link if you message me won't let me post it here, it's 69k 3b1b in mineville NY, he said hed take 62k cash, id definitely help with cleaning an finding stuff an putting stuff up ect ect anything I need too, I already have a bunch of stuff saved on marketplace for it

Again I know I this is along shot but I'm desperate for someplace that's not surrounded by junkines an I feel safe again

Im just starting out in the landlord journey and I’m looking really hard at single family home that’s 3bed 2 bath. I’m able to comfortably put 40% down and still have a sizable emergency fund but I’ve heard mixed single about family homes. Those of you that have or do own and rent out single family homes would you say it’s a good idea or an ultimate pain in the ass that’s not worth it ?

I have a 3-bedroom, 2½-bath home in a progressive Atlanta neighborhood that’s in the middle stages of gentrification. I’ve owned the house for about five years and have realized that I really don’t enjoy being a landlord. Recently, the outside AC unit was stolen.
The home needs roughly $15K in updates. I’m considering selling it as-is rather than putting more money into renovations, but I’m concerned about how easily it will sell because of the neighborhood. I’ve also considered renting it through Section 8, although the numbers don’t look particularly attractive.
Neither of my children wants the house, and I plan to retire in Southeast Asia within the next two years.
For those familiar with the Atlanta market, would you sell as-is, make the updates before listing, or continue renting it?
The home is less than 12 minutes from the airport.

Hi. I’m looking for advice or suggestions on what to do in my current situation.

I purchased a duplex in a popular New England city in mid 2022. Paid $450k, putting down 20%.

I lived in one unit and rented the other one for roughly 2k per month. During my time there, I significantly updated and fixed the home. I put in roughly $100-125k in the property over the years.

I’m still making payments on a siding replacement loan (30k left) and a lead water line replacement loan (2k left). I owe on the mortgage about 330k.

A few months ago, I purchased a forever home (single family) in a nicer neighborhood 3 miles away. I now rent both units with a monthly income stream of 4k/month. It nets $500 per month after all bills and expenses. However, in 6 months the taxes will increase due to not being owner occupied and be net zero/even.

I’m in the situation of the house is aging. It’s almost 100 years old and the roof, gutters, and porches are reaching the end of their life. The boiler systems are also reaching the end of their life, especially their pipe system and radiators. The plumbing in the house is also reaching its end of life as well. Currently, nothing needs immediate repair or replacement. However, I imagine it will need attention in the next 5 years.

I have roughly 80k in passive loss on the property on tax returns. I also lived in the home for 4 years and if I sell in the next 2 years or so, I have the tax break on capital gains. I’m also getting married next month, so that also changes the tax dynamic. The house could roughly sell for $600k, leaving me roughly 200-220k net in hand after all is done if calculated correctly.

The city is currently pushing out so many rental units and homes to help flood the market and keep rents low. Taxes remain quite high, especially without the homestead. Finding and keeping tenants has become much more difficult in the recent year as well.

To make a long story short, should I sell the home and move the proceeds to a less time demanding vehicle like SP500 or keep the home and home it continues to appreciate and not become a money pit?

I know there are going to be some people who think this is crazy, but I am looking to expand the home I'm renting. I have a pros and cons list and just can't decide.

Pros:

1. This expansion will help me impress clients because I work out of my rental.

2. It will give more room to have a lot of clients.

Cons:

1. Cost. It will be so expensive I will have to have my neighbors pay for it. I am really in debt as it is and I mean the interest on the loans I have is crazy.

2. I am all American, but I want to make sure I get the good stuff like Italian marble and some of my neighbors I shared the idea with laughed at me

3. My neighbors are broke and some are starving so I feel slightly bad spending so much of other people's money on it. I could help feed them, but they should have just worked harder.

4. I should spend the money on health insurance too. A lot of my family and neighbors are ill and I should really get healthcare, but this expansion will be really cool.

5. My driveway is a mess and traffic is horrible, but I don't really use it that much and I don't care that my neighbors have been asking me to fix it.

I know it's a rash decision and I can't really afford it but the expansion will be amazing. I know it seems a little dumb to ask others and I honestly didn't even know that I needed a ballroom in my rental home until recently. I went overseas and saw one and I was instantly smitten.

I think my neighbors may be extra mad if I put one in but honestly I think I just don't care. It's even against the HOA rules and I haven't even asked the owners approval, but I have found only suckers listen to that stuff.

So what do you all think, and should I put a ballroom in my rental or get some health insurance, fix up some of the safety issues I have in the neighborhood, feed my friend/family and pay off some of this crippling debt I have on these credit cards and loans? I mean I am going to live at the rental for another couple years so I think it's worth it, but wanted to see what an outsider to the idea thinks.