Buying a house is a HUGE decision, whether you’re an experienced investor or a first-time homebuyer. The last thing you want is to get in over your head with a property you can’t afford. In this Rookie Reply, Ashley and Tony are going help one of our listeners crunch the numbers and point them in the right direction!
Dealing with tenants can be difficult, especially as a new landlord. What should you do when your tenant wants to make repairs or changes to their unit? How should you react when a tenant wrongly accuses you of something? The truth is that landlord-tenant relationships are tricky to navigate, but in today’s episode, we’ll lay out a game plan for managing conflict. Finally, we’ll discuss an issue you might encounter with your short-term rentals. When should you cancel an Airbnb reservation and issue a refund to your guest? Stick around to find out!
Ashley :
This is Real Estate rookie episode 431. Let’s get your questions answered today. I’m Ashley Care and I’m here with Tony j Robinson
Tony :
And welcome to the Real Estate Rookie Podcast where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. And today we’re diving into the BiggerPockets forums to get your questions answered. Now guys, the forums is one of the absolute best places for you to quickly get all of your real estate investing questions answered by tons of experts. So today we’re going to discuss should you let your tenant fix up your property? Is a $400,000 duplex too much for a $90,000 salary? How do I manage my short-term rental bookings with a hurricane coming and what happens when my tenant accuses me of stealing? So let’s jump into the first question.
Ashley :
Tony, do you want to choose a question from the managing your property discussions and the BiggerPockets forums? Let’s look there.
Tony :
Yeah, I actually got one here from Albert Johnson and it says, one of my tenants…